§ 14-228. Offer or sale of franchise without registration

Latest version.

(a) Prohibited act. -- Except as otherwise provided in this subtitle, a person may not offer to sell, through advertisement or otherwise, or sell a franchise in the State unless the offer of the franchise has been registered under this subtitle.

(b) Penalty. -- A person who willfully sells a franchise knowingly violating this section is guilty of a felony and, on conviction, is subject for each violation to a fine not exceeding $ 10,000 or imprisonment not exceeding 5 years or both.

HISTORY: An. Code 1957, art. 56, § 347, 365A; 1992, ch. 4, § 2.

                    
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