§ 24-5-8-4 — Requirements before advertising; amendment of filings; renewal fee; record of filings

Indiana § 24-5-8-4

• Jurisdiction: Indiana
• Art. 5: CONSUMER SALES
• Ch. 8: Business Opportunity Transactions

Text

(a) Before placing any advertisement or making
any other representations to any investor in Indiana, the seller shall:
(1) file a copy of the disclosure statement required by section 2 of
this chapter and the bond required by section 3 of this chapter
with the consumer protection division of the office of the attorney
general; and
(2) pay an initial filing fee of fifty dollars ($50).
(b) The seller shall amend these filings when any material change
in the information occurs and shall pay a fee of ten dollars ($10) for
filing the amendment.
(c) If the seller continues to solicit business opportunities in Indiana,
he shall pay annually a renewal fee of ten dollars ($10) on or before the
anniversary date of the initial filing for the particular business
opportunity.
(d) The director of the consumer protection division of the office of
the attorney general or his designate shall maintain a record of all
filings made under this chapter and shall assign a registration number
to each of them. The seller shall be advised in writing of the assigned
number. Any advertisements, pamphlets, brochures, or any other
materials used in the solicitation of a business opportunity must include
the assigned registration number in the following manner: "C.P.D. Reg.
No. ____ .".

Legislative History

As added by P.L.134-1984, SEC.1.