N.C. Gen. Stat. § 93A-50

Current through Session Law 2024-53

Section 93A-50 - Securities laws apply

The North Carolina Securities Act, Chapter 78A, shall also apply, in addition to the laws relating to real estate, to timeshares deemed to be investment contracts or to other securities offered with or incident to a timeshare; provided, however, in the event of the applicability of the North Carolina Securities Act, any offer or sale of timeshares registered under this Article shall not be subject to the provisions of G.S. 78A-24 and any real estate broker registered under Article 1 of this Chapter shall not be subject to the provisions of G.S. 78A-36.

N.C. Gen. Stat. § 93A-50

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.

Amended by 2005 N.C. Sess. Laws 395, s. 21, eff. 4/1/2006.

1983, c. 814, s. 1; 2000-140, s. 19(b).

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."