§ 14-217. Bond requirements
West's Annotated Code of MarylandBusiness Regulation
MD Code, Business Regulation, § 14-217
§ 14-217. Bond requirements
(a) If the Commissioner finds that it is necessary and appropriate for the protection of prospective franchisees or subfranchisors because a franchisor has not made adequate financial arrangements to fulfill the franchisor's obligations under an offering, the Commissioner may require the franchisor to escrow franchise fees or other money paid by a franchisee or subfranchisor until the obligations have been satisfied.
Credits
Added by Acts 1992, c. 4, § 2. Amended by Acts 1992 c. 26, § 4.
Formerly Art. 56, § 351.
MD Code, Business Regulation, § 14-217, MD BUS REG § 14-217
Current with all legislation from the 2023 Regular Session of the General Assembly. Some statute sections may be more current, see credits for details.
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