GENERAL ASSEMBLY OF NORTH CAROLINA
SESSION 2001

SENATE BILL 259
RATIFIED BILL

AN ACT to amend the securities dealer registration statutes to abolish the church bond dealer restriction.

The General Assembly of North Carolina enacts:

SECTION 1.  G.S. 78A‑36(a) reads as rewritten:
"(a)	It is unlawful for any person to transact business in this State as a dealer or salesman unless he is registered under this Chapter. No dealer shall be eligible for registration under this Chapter, or for renewal of registration hereunder, unless such dealer is at the time registered as a dealer with the Securities and Exchange Commission under the Securities Exchange Act of  1934."SECTION 2.  This act is effective when it becomes law.
In the General Assembly read three times and ratified this the 31st day of May, 2001.

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		 Beverly E. Perdue
	 President of the Senate

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		 James B. Black
	 Speaker of the House of Representatives

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		 Michael F. Easley
	 Governor

Approved __________.m. this ______________ day of ___________________, 2001