There is a newer version
of
this Section
2018 Mississippi Code
Title 75 - Regulation of Trade, Commerce and Investments
Chapter 24 - Regulation of Business for Consumer Protection
Pyramid Sales Schemes; Cancellation of Franchises
§ 75-24-53. Sales of participation in pyramid sales scheme forbidden; franchises to be terminated only on ninety days’ notice.
Universal Citation: MS Code § 75-24-53 (2018)
No person who has granted a franchise to another person shall cancel or otherwise terminate any such franchise agreement without notifying such person of the cancellation, termination or failure to renew in writing at least ninety (90) days in advance of the cancellation, termination or failure to renew, except that when criminal misconduct, fraud, abandonment, bankruptcy or insolvency of the franchisee, or the giving of a no account or insufficient funds check is the basis or grounds for cancellation or termination, the ninety-day notice shall not be required.
Disclaimer: These codes may not be the most recent version. Mississippi may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
This site is protected by reCAPTCHA and the Google
Privacy Policy and
Terms of Service apply.
