18 NCAC 06A .2025         CONTENT OF NOTICE OF RELEASE OF FUNDS FROM ESCROW ACCOUNT

The notice provided pursuant to Rule .2024 of this Section shall include the following:

(1)           the aggregate amount of securities sold during the offering, expressed as:

(a)           numbers of units of securities sold; and

(b)           dollars raised by the sale of securities;

(2)           the identity and residence of each investor;

(3)           the date on which the funds were released to the issuer or returned to investors; and

(4)           the date of the termination of the escrow agreement, if already terminated.

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.