§ 14-215. Applications for registration

   (a) In general. -- Except as otherwise provided in this section, an applicant for registration shall:

   (1) file with the Commissioner:

      (i) an application in the form that the Commissioner requires; and

      (ii) a prospectus for the franchise; and

   (2) pay an application fee of $ 500.

(b) Alternative application. -- Instead of the application for registration and prospectus described in subsection (a) of this section, the Commissioner may accept an application for registration and prospectus that:

   (1) are found by the Commissioner to include disclosure requirements similar to those of this subtitle; and

   (2) are:

      (i) required by a unit of the federal government or another state government; or

      (ii) approved by an association of administrators of state franchise laws.

(c) Signature and verification required. -- The applicant shall sign and verify the application for registration.

HISTORY: An. Code 1957, art. 56, § 349, 350, 352; 1992, ch. 4, § 2; ch. 26 § 4.