Rhode Island § 19-28.1-7 § 19-28.1-7. Out-of-state exemption.

Rhode Island Statutes

§ 19-28.1-7 — § 19-28.1-7. Out-of-state exemption.

Rhode Island § 19-28.1-7

Title 19Financial institutions

Ch. 19-28.1Franchise Investment Act

This text of Rhode Island § 19-28.1-7 (§ 19-28.1-7. Out-of-state exemption.) is published on Counsel Stack Legal Research, covering Rhode Island primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

R.I. Gen. Laws § 19-28.1-7 (2026).

Text

§ 19-28.1-7. Out-of-state exemption.
An offer or sale of a franchise is exempted from §§ 19-28.1-5, 19-28.1-8, 19-28.1-9, and 19-28.1-13 — 19-28.1-16 if:
(1) It is offered or sold to a nonresident of this state;
         
(2) The franchise business will not be operated wholly or partly in this state;
         
(3) The offer or sale does not violate federal law or the law of the foreign jurisdiction;
            and
         
(4) The offeree is not actually present in this state during any offer or sale.
         

Free access — add to your briefcase to read the full text and ask questions with AI

§ 19-28.1-7. Out-of-state exemption.

An offer or sale of a franchise is exempted from §§ 19-28.1-5, 19-28.1-8, 19-28.1-9, and 19-28.1-13 — 19-28.1-16 if:

(1) It is offered or sold to a nonresident of this state;

(2) The franchise business will not be operated wholly or partly in this state;

(3) The offer or sale does not violate federal law or the law of the foreign jurisdiction; and

(4) The offeree is not actually present in this state during any offer or sale.