§ 78A-24. Registration requirement. - North Carolina Statutes

Article4.

Registration and NoticeFiling Procedures of Securities.

§ 78A‑24.  Registrationrequirement.

It is unlawful for any personto offer or sell any security in this State unless (i) it is registered underthis Chapter, (ii) the security or transaction is exempted under G.S. 78A‑16or 78A‑17 and such exemption has not been denied or revoked under G.S.78A‑18, or (iii) it is a security covered under federal law. (1925,c. 190, s. 6; 1927, c. 149, s. 6; 1955, c. 436, s. 4; 1973, c. 1380; 1997‑419,ss. 6, 7.)