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2017 Maryland Code
Business Regulation
Title 14 - Business Opportunities, Franchises, and Multilevel Distribution Companies
Subtitle 2 - Franchises
§ 14-228. Offer or sale of franchise without registration
Universal Citation: MD Bus Reg Code § 14-228 (2017)
- (a) Prohibited act. -- Except as otherwise provided in this subtitle, a person may not offer to sell, through advertisement or otherwise, or sell a franchise in the State unless the offer of the franchise has been registered 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.
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