Md. Code, Bus. Reg. § 14-229
Md. Code, Bus. Reg. § 14-229
Maryland · Maryland Code, Business Regulation · Status: effective
Cite this
- Citation
- Md. Code, Bus. Reg. § 14-229, Maryland, version 1 as recorded 2026-09-28, yourstate.us, https://yourstate.us/provision/1756785
- Permanent ID
ys:prov:1756785@1- SHA-256
309bf4547807ce5ecab8368ee56b1a220bf7071754c1d6c01397950e0d9c6d79
The hash is SHA-256 of this version's text, with every run of whitespace collapsed to a single space and the ends trimmed. The ID always leads back here, and checking it says whether the text you cited is still the current version.
Full text
(a) In connection with an offer to sell or sale of a franchise, a person, directly or indirectly, may not:
(1) employ a device, scheme, or artifice to defraud;
(2) make an untrue statement of a material fact or omit to state a material fact necessary in order to make the statement made, in light of the circumstances under which it is made, not misleading; or
(3) engage in an act, practice, or course of business that operates or would operate as a fraud or deceit on another person.
(b) A person who willfully sells a franchise knowingly violating this section is guilty of a felony and, on conviction, is subject for each violation to a fine not exceeding $10,000 or imprisonment not exceeding 5 years or both.