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2012 Maine Revised Statutes
TITLE 32: PROFESSIONS AND OCCUPATIONS
Chapter 69-B: REGULATIONS OF THE SALE OF BUSINESS OPPORTUNITIES
32 §4692. When disclosure statement must be provided


32 ME Rev Stat § 4692 (2012 through 125th Legis) What's This?

§4692. When disclosure statement must be provided

Seller shall provide all purchasers with a disclosure statement meeting the requirements of this chapter at the earliest of: at least 72 hours before the purchaser signs a business opportunity agreement; at least 72 hours before the purchaser makes payment of any consideration in connection with the sales or proposed sale of the business opportunity; or the first face-to-face meeting between the seller and the purchaser that is held for the purpose of discussing the sale or proposed sale of a business opportunity. [1991, c. 210, §2 (AMD).]

SECTION HISTORY

1979, c. 571, (NEW). 1991, c. 210, §2 (AMD).

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