Before 1966, North Carolina operated under a hybrid court. system with a supreme court (the appellate court) and a superior court (general jurisdiction trial court) funded by the state and uniform statewide. But lower courts were operated and funded by cities and. counties, and jurisdiction of the courts varied.
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Broker-dealer (âBDâ) is defined in Corporations Code (âCodeâ) Section 25004 and means any person engaged in the business of effecting transactions in securities in this state for the account of others or for his own account. broker is an individual or firm who acts as an intermediary between a buyer and seller, usually charging a commission. A dealer is any person in the business of buying and selling securities for his or her own account, through a broker or otherwise.