§ 14-232. Failure to notify Commissioner of material change

Latest version.

(a) Prohibited act. -- A person may not fail to notify the Commissioner promptly of a material change as required by § 14-220 of 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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