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Senate Bill 0423

Senate Bill 0423

ARCHIVE (2002)

Latest Information

DIGEST OF SB423 (Updated February 26, 2002 7:10 PM - DI 84)

Franchise act material changes and advertisements. Requires that for certain persons connected with a franchise the securities commissioner must make a finding that the person creates an unreasonable risk before the commissioner may issue a stop order. Repeals the requirement that a franchisor promptly notify the securities commissioner in writing of a material change in the information contained in a registration by filing an application to amend the registration. Repeals the prohibition against publishing an advertisement concerning a franchise unless a copy of the advertisement has been filed with the securities commissioner. Makes a conforming amendment.
    Current Status:
    Law Enacted
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