Maine Statutes
§ 32 §4696 — Registration
Maine·Title 32 PROFESSIONS AND OCCUPATIONS·Ch. 69-B REGULATIONS OF THE SALE OF BUSINESS OPPORTUNITIES
Every seller shall register with the Securities Administrator prior to selling, offering to sell, advertising or undertaking any other act relating to the promotion of business opportunities in this State. Registration shall be complete upon paying a $25 fee, filing a copy of the disclosure statement required by section 4692 and providing evidence of a bond or escrow account satisfying the requirements of section 4695. The seller shall update the disclosure statement as material information changes.
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Legislative History
PL 1979, c. 571 (NEW). PL 1985, c. 597, §3 (AMD). PL 1989, c. 542, §3 (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