Section 1334.15 | Legislative Intent; Remedies; Waiver.
Effective: September 28, 2012 Latest Legislation: Senate Bill 196 – 129th General Assembly (A) The general assembly declares that the offer and sale of business opportunity plans is a matter affected with a public interest. The general assembly further declares that it is the intent of this chapter to protect prospective purchasers of business opportunity […]
Section 1334.99 | Penalty.
Effective: July 1, 1996 Latest Legislation: Senate Bill 2 – 121st General Assembly Whoever violates sections 1334.02 to 1334.06 of the Revised Code is guilty of a misdemeanor of the first degree.
Section 1334.05 | Right to Cancel.
Effective: September 28, 2012 Latest Legislation: Senate Bill 196 – 129th General Assembly (A) In addition to any other right or remedy available to a purchaser under sections 1334.01 to 1334.15 of the Revised Code, a purchaser has the right to cancel an agreement selling or leasing to the purchaser a business opportunity plan, in […]
Section 1334.06 | Written Agreements – Contents.
Effective: September 28, 2012 Latest Legislation: Senate Bill 196 – 129th General Assembly (A) Every agreement selling or leasing a business opportunity plan shall be in writing and a copy of the executed agreement and all other documents the seller requires the purchaser to sign shall be given to the purchaser at the time they […]
Section 1334.07 | Attorney General Investigations.
Effective: October 25, 1979 Latest Legislation: Senate Bill 37 – 113th General Assembly If by his own inquiries, or as a result of complaints, the attorney general has reasonable cause to believe that a seller or broker has engaged, is engaging, or is threatening to engage in an act or practice that violates sections 1334.01 […]
Section 1334.08 | Attorney General Actions.
Effective: October 25, 1979 Latest Legislation: Senate Bill 37 – 113th General Assembly (A) If the attorney general, by his own inquiries or as a result of complaints has reasonable cause to believe that a person has engaged, is engaging, or threatening to engage in an act or practice that violates sections 1334.01 to 1334.15 […]
Section 1334.09 | Action for Rescission and Damages.
Effective: September 28, 2012 Latest Legislation: Senate Bill 196 – 129th General Assembly (A) For a violation of sections 1334.01 to 1334.15 of the Revised Code, a purchaser has a cause of action and may seek either or both of the following: (1) In an individual action: (a) Rescind the agreement by giving written notice […]
Section 1334.10 | Jurisdiction.
Effective: September 28, 2012 Latest Legislation: Senate Bill 196 – 129th General Assembly (A) The courts of common pleas, and municipal or county courts within their respective monetary jurisdiction, have jurisdiction over any seller or broker with respect to any act or practice covered by sections 1334.01 to 1334.15 of the Revised Code, or with […]
Section 1334.11 | Defenses.
Effective: August 19, 1994 Latest Legislation: Senate Bill 147 – 120th General Assembly Notwithstanding section 1303.35 of the Revised Code, a purchaser who executes an agreement selling or leasing to him a business opportunity plan or a note in connection with such an agreement may assert as a defense to a claim by a holder […]
Section 1334.12 | Application of Chapter.
Effective: September 28, 2012 Latest Legislation: Senate Bill 196 – 129th General Assembly Sections 1334.01 to 1334.15 of the Revised Code do not apply to: (A) The relationship between an employer and an employee, or among general business partners; (B) Membership in a bona fide cooperative association of producers of agricultural products authorized by section […]