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Investment Advisers Bond NCIAB - North Carolina
| Investment Advisers Bond Form. This is a North Carolina form and can be used in Securities Blue Sky Secretary Of State . |
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STATE OF NORTH CAROLINA SECRETARY OF STATE, SECURITIES DIVISION INVESTMENT ADVISERS BOND KNOW ALL MEN BY THESE PRESENTS: That we, , as PRINCIPAL, and , a corporation organized and existing under the laws of the State of and authorized to transact insurance in the STATE of NORTH CAROLINA, as SURETY, are held and firmly bound into the SECRETARY of STATE OF NORTHCAROLINA, as OBLIGEE, for the use and benefit of any person who has successfully prosecuted a cause of action arising under Chapter 78C of the North CarolinaGeneral Statutes, in the sum of for the payment of which sum well and truly to be made, we bind ourselve s, our heirs, executors,administrators, successors and assigns, jointly and severally, firmly by these presents. THE CONDITIONS OF THE ABOVE OBLIGATION ARE SUCH THAT: WHEREAS, The above-named principal has made application to the SECRETARY OF STATE OF NORTH CAROLINA for registration as an InvestmentAdviser under Chapter 78C of the North Carolina General Statutes and wit h all rules, regulations and orders issued pursuant thereto and all amen dments thereto now or hereinafter enacted, then this obligation shall be null and void; oth erwise to be and remain in full force and effect.THIS BOND IS ALSO SUBJECT TO THE FOLLOWING CONDITIONS: 1. That any person who sustains an injury covered by this bond may, in addition to any other remedy that he may have, bring an action in his ow n nameupon this bond for the recovery of any damages sustained by him by reaso n of such breach, provided, however, that no such action may be brought after theexpiration of three (3) years after the rendering of investment advice in violation of Chapter 78C, except that in the case of a violation of G.S. 78C-8(a)(1) or (2) an action may be brought within two (2) years after such person discovers , or should have discovered, the facts constituting the violation. 2. That the total aggregate liability of the SURETY herein shall be limited to the payment of . 3. That the SURETY may cancel this bond and be relived of further liability hereunder by d elivering THIRTY (30) days written notice to the PRINCIPAL athis address last known to the SURETY and to the SECRETARY OF STATE OF THE STATE OF NORTH CAROLINA, HOWEVER, such cancellation shall not affect any liability incurred or accrued hereunder prior to the termination of the thirty (30) day period. 4. That said bond shall remain in force and effect during the license p eriod for which it is issued and for any renewal thereof, or until said bond is cancelled by said SURETY; but this paragraph shall not either extend or abrogate the limitation period set forth in paragraph 1 herein. IN WITNESS WHEREOF, The seal and signature of said PRINCIPAL is hereto affixed, and the corporate seal and the name of said SURETY is affixedand attested by its duly authorized officers thisday of , 19 . BY: (PRINCIPAL) (SEAL) (NAME AND OFFICIAL OFFICE) BY: (SURETY) (SEAL) ATTORNEY-IN-FACT COUNTERSIGNED BY: American LegalNet, Inc. www.USCourtForms.com
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