SECTION .2000 – INVEST NC EXEMPTION (CROWDFUNDING)

18 NCAC 06A .2001         PURPOSE

The purpose of the rules in this Section is to promote the overall economic health of North Carolina by:

(1)           facilitating responsible and competitive intrastate capital formation by North Carolina companies through increased availability of financial resources to businesses that might not otherwise have access to capital;

(2)           facilitating opportunities for residents of North Carolina to invest in local businesses;

(3)           facilitating small intrastate capital securities offerings that use the Internet; and

(4)           protecting the investing public.

History Note:        Authority G.S. 78A-17.1(a)(5); 78A-17.1(f); 78A-49(a); 78A-49(d); 78A-64; S.L. 2016-103, s.4.(a);

Eff. April 1, 2017.