§ 14-220. Amendments to registration

   (a) Application for amendment to registration. -- If there is a material change in the information that a registrant previously filed with the Commissioner, the franchisor shall:

   (1) file promptly with the Commissioner an application to amend the registration; and

   (2) pay a fee of $ 100.

(b) Form. -- The registrant shall sign and verify the application to amend the registration.

(c) Regulations. -- The Commissioner by regulation may state:

   (1) what constitutes a material change; and

   (2) the circumstances under which a revised prospectus shall accompany an application to amend the registration.

(d) Effective date of amendment. -- If the Commissioner approves the amendment to the registration, the amendment takes effect on the date the Commissioner sets after considering the public interest and the protection of franchisees.

HISTORY: An. Code 1957, art. 56, § 350, 361, 362; 1992, ch. 4, § 2; ch. 26, § 4; 1993, ch. 5, § 1.