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Rhode Island General Laws Title 19. Financial Institutions § 19-28.1-7. Out-of-state exemption

Current as of January 01, 2024 | Updated by Findlaw Staff

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.

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Cite this article: FindLaw.com - Rhode Island General Laws Title 19. Financial Institutions § 19-28.1-7. Out-of-state exemption - last updated January 01, 2024 | https://codes.findlaw.com/ri/title-19-financial-institutions/ri-gen-laws-sect-19-28-1-7/

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