2009 Rhode Island Code
Title 19 - Financial institutions
CHAPTER 19-28.1 - Franchise Investment Act
§ 19-28.1-7 - Out-of-state exemption.

SECTION 19-28.1-7

   § 19-28.1-7  Out-of-state exemption. – An offer or sale of a franchise is exempted from §§ 19-28.1-5, 19-28.1-8, 19-28.1-9, and 19-28.1-13 – 19-28.1-16 if:

   (1) It is offered or sold to a non-resident of this state;

   (2) The franchise business will not be operated wholly or partly in this state;

   (3) The offer or sale does not violate federal law or the law of the foreign jurisdiction; and

   (4) The offeree is not actually present in this state during any offer or sale.

Disclaimer: These codes may not be the most recent version. Rhode Island 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.