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Code · North Carolina · Chapter 78C — Investment Advisers

§ 78C-98. Prohibited conduct.

261 words·~1 min read·/nc/chapter-78c/78c-98

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§ 78C-98. Prohibited conduct.
(a)An athlete agent, with the intent to induce a student-athlete to enter into an agency contract, shall not:
(1)Give any materially false or misleading information or make a materially false promise or representation.
(2)Furnish anything of value to a student-athlete before the student-athlete enters into the agency contract.
(3)Furnish anything of value to any individual other than the student-athlete or another registered athlete agent.
(b)An athlete agent shall not intentionally:
(1)Initiate contact with a student-athlete unless the athlete agent is registered under this Article.
(2)Refuse or fail to retain or permit inspection of the records required to be retained by G.S. 78C-97.
(3)Fail to register as required by G.S. 78C-88.
(4)Provide materially false or misleading information in an application for registration or renewal of registration.
(5)Predate or postdate an agency contract.
(6)Fail to notify a student-athlete before the student-athlete signs or otherwise authenticates an agency contract for a particular sport that the signing or authentication shall make the student-athlete ineligible to participate as a student-athlete in that sport.
(c)If an athlete agent is currently or was within the prior two years employed or in a contractual relationship with an educational institution, the following shall apply:
(1)The athlete agent shall not enter into an NIL agency contract with a student-athlete who is enrolled in that educational institution.
(2)An NIL agency contract is void if, following entry into an NIL agency contract, a student-athlete enrolls in that educational institution. (2003-375, s. 2; 2025-46, s. 7(a).)
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