Home Table of Contents

§ 14-232. Notification of material change

West's Annotated Code of MarylandBusiness Regulation

West's Annotated Code of Maryland
Business Regulation (Refs & Annos)
Title 14. Business Opportunities, Franchises, and Multilevel Distribution Companies (Refs & Annos)
Subtitle 2. Franchises (Refs & Annos)
MD Code, Business Regulation, § 14-232
§ 14-232. Notification of material change
(a) A person may not fail to notify the Commissioner promptly of a material change as required by § 14-220 of this subtitle.
(b) 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.

Credits

Added by Acts 1992, c. 4, § 2.
Formerly Art. 56, §§ 347, 365A.
MD Code, Business Regulation, § 14-232, MD BUS REG § 14-232
Current with all legislation from the 2023 Regular Session of the General Assembly. Some statute sections may be more current, see credits for details.
End of Document