Michigan Administrative Code
Department - Attorney General
Consumer Protection and Charitable Trusts Division
Franchises
Part 4 - EXEMPT TRANSACTIONS
Section R. 445.402 - Exemptions based on limited number of offerees
Universal Citation: MI Admin Code R. 445.402
Current through Vol. 24-16, September 15, 2024
Rule 402. The exemption provided by section 6(2)(k) of the act shall pertain to only those franchisors who:
(a) Do not have more than 1 existing franchise within or without the state prior to the offer of a franchise under this part, and
(b) Provide disclosure to the franchisee offeree as required in sections 5(1)(b) and 5(2) of the act.
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