§ 19-28.1-7 - Out-of-state exemption.
SECTION 19-28.1-7
§ 19-28.1-7 Out-of-state exemption. –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 non-resident of this state;
(2) The franchise business will not be operated wholly orpartly in this state;
(3) The offer or sale does not violate federal law or the lawof the foreign jurisdiction; and
(4) The offeree is not actually present in this state duringany offer or sale.