§ 14-122. Representations of income or earning potential

Latest version.

   In connection with an offer to sell or sale of a business opportunity, a person may not represent that the business opportunity provides income or earning potential of any kind unless:

   (1) the seller has documentation to substantiate the representation; and

   (2) the person discloses the documentation to the prospective buyer when the representation is made.

HISTORY: An. Code 1957, art. 56, § 412; 1992, ch. 4, § 2; 1996, ch. 517.

                    
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