State Codes and Statutes
Statutes > Maryland > Business-regulation > Title-14 > Subtitle-2 > 14-232§ 14-232. Failure to notify Commissioner of material change.
(a) Prohibited act.- A person may not fail to notify the Commissioner promptly of a material change as required by § 14-220 of 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.]
