Section 14-218 - Issuance and effective date of registration.
§ 14-218. Issuance and effective date of registration.
(a) Issuance.- The Commissioner shall register an offer of a franchise if it meets the requirements of this subtitle.
(b) Effective date.- Unless a stop order is in effect, registration of the offer of a franchise automatically takes effect at:
(1) noon on the 30th business day after an application for registration or the last amendment to it is filed; or
(2) an earlier time that the Commissioner sets.
[An. Code 1957, art. 56, § 354; 1992, ch. 4, § 2; ch. 26, § 4.]