Maine Statutes
§ 32 §4692 — When disclosure statement must be provided
Maine·Title 32 PROFESSIONS AND OCCUPATIONS·Ch. 69-B REGULATIONS OF THE SALE OF BUSINESS OPPORTUNITIES
Seller shall provide all purchasers with a disclosure statement meeting the requirements of this chapter at the earliest of: at least 72 hours before the purchaser signs a business opportunity agreement; at least 72 hours before the purchaser makes payment of any consideration in connection with the sales or proposed sale of the business opportunity; or the first face-to-face meeting between the seller and the purchaser that is held for the purpose of discussing the sale or proposed sale of a business opportunity.
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Legislative History
PL 1979, c. 571 (NEW). PL 1991, c. 210, §2 (AMD).
Nearby Sections
15
§ 32 §4601
Proceedings§ 32 §4603
Failure to obtain license; penalty§ 32 §4604
Lien for license fee§ 32 §4651
Lack of license§ 32 §4652
Advertising before license issued§ 32 §4661
Definitions§ 32 §4662
Contents of contract§ 32 §4662-A
Frozen food contracts§ 32 §4663
Consumer's right of avoidance§ 32 §4664
Notice§ 32 §4664-A
Time of seller's performance§ 32 §4665
Consumer's obligation§ 32 §4666
Seller's obligation§ 32 §4667
Criminal penalties