2020 Indiana Code
Title 23. Business and Other Associations
Article 2. Securities and Franchises
Chapter 2.5. Franchises
23-2-2.5-9. Offer or Sale of Franchise; Requisites; Disclosure Statement

Universal Citation: IN Code § 23-2-2.5-9 (2020)

Sec. 9. No person may offer or sell any franchise:

(1) unless the franchise is registered under this chapter or is exempt from such registration under sections 3 through 5 of this chapter; and

(2) without first providing to the prospective franchisee at least ten (10) days prior to the execution by the prospective franchisee of a binding franchise or at least ten (10) days prior to the receipt by the franchisor of any consideration, whichever first occurs, a disclosure statement together with a copy of all proposed contracts relating to the sale of a franchise.

Formerly: Acts 1975, P.L.262, SEC.1. As amended by P.L.233-1985, SEC.2.

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