§ 14-231. Untrue statements or omissions of material fact in applications, notices, or reports

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(a) Prohibited act. -- A person may not make or cause to be made an untrue statement of a material fact or omit to state a material fact in an application for registration, to amend registration, or for renewal or in a notice or report filed with the Commissioner 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; ch. 26, § 4.

                    
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