2010 Maryland Code
BUSINESS REGULATION
TITLE 14 - BUSINESS OPPORTUNITIES, FRANCHISES, AND MULTILEVEL DISTRIBUTION COMPANIES
Subtitle 2 - Franchises
Section 14-231 - Untrue statements or omissions of material fact in applications, notices, or reports.
§ 14-231. Untrue statements or omissions of material fact in applications, notices, or reports.
(a) Prohibited act.- A person may not make or cause to be made an untrue statement of a material fact or omit to state a material fact in an application for registration, to amend registration, or for renewal or in a notice or report filed with the Commissioner under 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.
[An. Code 1957, art. 56, §§ 347, 365A; 1992, ch. 4, § 2; ch. 26, § 4.]
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