Section 93A-49 - Service of process on exchange companyAny exchange company offering an exchange program to a purchaser shall be deemed to have made an irrevocable appointment of the Commission to receive service of lawful process in any proceeding against the exchange company arising under this Article.
Amended by 2021 N.C. Sess. Laws 192,s. 5-a, eff. 10/6/2021.Amended by 2021 N.C. Sess. Laws 163,s. 1-c, eff. 10/6/2021.Applicability of Amendment by SL 2021-163: Section 5.(a) of 2021 N.C. Sess. Laws 192 amends 2021 N.C. Sess. Laws 163,s. 3 to read as follows: "This act is effective when it becomes law. Section 1(c) of this act does not apply to timeshare transfer services or to transfer service providers prior to July 1, 2022."