{"data":{"id":"us-nc/n.c.-gen.-stat.-47c-4-107","jurisdiction":"us-nc","citation":"N.C. Gen. Stat. § 47C-4-107","heading":"Same; condominium securities.","body":"(a)\tIf an interest in a condominium is registered with the Securities and Exchange Commission of the United States, a declarant satisfies the requirements relating to the preparation of a public offering statement of this chapter if he delivers to the purchaser a copy of the public offering statement filed with the Securities and Exchange Commission to the extent such statement provides the information required by G.S. 47C-4-103, 47C-4-104, 47C-4-105 and 47C-4-106.\n(b)\tThe North Carolina Securities Act, Chapter 78A, shall apply to condominiums deemed to be investment contracts or to other securities offered with or incident to a condominium. In the event of such applicability of the North Carolina Securities Act, any real estate broker or salesman registered under Article 1 of Chapter 93A shall not be subject to the provisions of G.S. 78A-36. The exemption provided by the preceding sentence shall not apply to any person who is required to register with the Securities Exchange Commission as a broker or dealer under the Securities and Exchange Act of 1934. (1985 (Reg. Sess., 1986), c. 877, s. 1.)","path":["Chapter 47C. North Carolina Condominium Act.","Article 4. Protection of Purchasers."],"source_url":"https://www.ncleg.gov/EnactedLegislation/Statutes/HTML/BySection/Chapter_47C/GS_47C-4-107.html","current_through":"S.L. 2026-30","vintage":"","retrieved_at":"2026-08-27T18:03:32Z","sha256":"f08dffea38c1105942918e6c6a90751c2c6a0813a853e243ab81ba1c56849828","source_id":"us-nc","stale":false,"prev":"us-nc/n.c.-gen.-stat.-47c-4-106","next":"us-nc/n.c.-gen.-stat.-47c-4-108"},"notice":"GroundRules: Original legal text. Not legal advice."}