State Codes and Statutes
Statutes > Maryland > Business-regulation > Title-14 > Subtitle-2 > 14-228§ 14-228. Offer or sale of franchise without registration.
(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.
[An. Code 1957, art. 56, §§ 347, 365A; 1992, ch. 4, § 2.]
