§ 19-28.1-28. Service of process. (a) A person who offers or sells a franchise subject to the registration requirements of this act in this state shall file with the director an irrevocable consent to service of process appointing the director as the person’s agent to receive service of process in a civil action or proceeding […]
§ 19-28.1-29. Fees. (a) The director shall charge and collect the fees fixed by this section. The director shall not refund fees. (b) The fee for filing an application for initial registration of a franchise under § 19-28.1-9 is six hundred dollars ($600). (c) The fee for filing a notice of exemption under § 19-28.1-6 […]
§ 19-28.1-3. Definitions. When used in this act, unless the context otherwise requires: (1) “Act” means the Rhode Island Franchise Investment Act. (2) “Advertisement” means a communication published in connection with an offer or sale of a franchise. (3) “Affiliate” means a person controlling, controlled by, or under common control with another person; every officer […]
§ 19-28.1-30. Appropriation. All fees shall be paid to the state treasurer and are hereby appropriated to the general fund. History of Section.P.L. 1993, ch. 395, § 2; P.L. 1994, ch. 273, § 1.
§ 19-28.1-31. Cooperation with other agencies or organizations. To encourage uniform application and interpretation of this act and effective franchise regulation and enforcement, the director may cooperate with federal, state, or foreign agencies or administrators and law enforcement agencies, including: (1) Conducting joint examinations and investigations; (2) Holding joint administrative hearings; (3) Filing and prosecuting […]
§ 19-28.1-32. Filing of documents. A document is filed when it is received by the director. History of Section.P.L. 1993, ch. 395, § 2.
§ 19-28.1-33. Construction. This act shall be applied and construed with a view to uniformity among states enacting it. This act shall be liberally construed to effectuate its purposes. History of Section.P.L. 1993, ch. 395, § 2.
§ 19-28.1-34. Severability. If a provision of this act or its application to a person or circumstance is held invalid, the invalidity shall not affect other provisions or applications of this act that can be given effect without the invalid provision of application. To this end the provisions of this act are severable. Further, this […]
§ 19-28.1-4. Scope and applicability. (a) This act applies to a franchise that is offered or sold in this state. (b) A franchise is offered for sale in this state if an offer to sell is made or accepted in this state or an offer to buy is accepted in this state. (c) An offer […]
§ 19-28.1-5. Registration of franchises. It is unlawful for any person to offer or sell a franchise unless the offer is registered under this act or is exempt from registration under § 19-28.1-6. History of Section.P.L. 1993, ch. 395, § 2.
§ 19-28.1-6. Exemption from registration. The following transactions are exempt from the provisions of § 19-28.1-5: (1) The offer or sale of a franchise if all of the following conditions are satisfied: (i) Either the franchisor’s most recent audited financial statements show a net worth of at least ten million dollars ($10,000,000) or the franchisor […]
§ 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 nonresident of this state; (2) The franchise business will not be operated wholly or partly in this state; (3) The offer or sale does […]
§ 19-28.1-8. Delivery requirements. (a) It is unlawful to sell any franchise in this state without first providing a copy of a disclosure document reflecting all material changes together with a copy of all proposed agreements relating to the sale of the franchise, unless otherwise provided in subsection (b), to the prospective franchisee, not less […]
§ 19-28.1-9. General registration provisions. (a) A registration application must include the disclosure document, the filing fee, and the consent to service of process. The director may require the filing of audited financial statements examined and reported upon by an independent certified public accountant and prepared in accordance with generally accepted accounting principles and of […]
