NC H63

Establishes an exemption from securities registration requirements for intrastate offerings by North Carolina companies to North Carolina resident investors, complying with federal SEC Rule 147 and Section 3(a)(11) of the Securities Act of 1933.

Limits non-accredited investor investments to $5,000 per year per qualified North Carolina company, while allowing accredited investors unlimited investment amounts in unlimited companies.

Requires issuers to file a Form D notice with the North Carolina Securities Division at least 15 days before public solicitation, including issuer information, term sheets, and a state-prepared disclosure brochure.

Mandates that all investor funds be deposited in North Carolina-authorized banks or depository institutions and prohibits payment of commissions or fees to intermediaries unless they are registered as broker-dealers, investment advisors, or private equity firms.

Applies special requirements for private equity fund companies, including state charter status, SEC registration exemptions, sales limited to accredited investors or qualified institutional buyers, and licensing of investment advisors with the North Carolina Securities Division.