In connection with the offer or sale of a business opportunity, no seller may make or use any of the representations set forth in divisions (4) and (5) of subparagraph a of paragraph 3 of Section 802 of this title unless the seller has at all times a minimum net worth of Fifty Thousand Dollars ($50,000.00) as determined in accordance with generally accepted accounting principles.
Added by Laws 1985, c. 157, § 11, eff. Nov. 1, 1985. Amended by Laws 2022, c. 77, § 45, eff. Nov. 1, 2022.