37-5B-14 Exemptions from notice filing.
Exemptions from notice filing.
The following franchises are subject to this chapter
but are exempt from § 37-5B-4 if any of the following conditions are satisfied:
The offer or sale to an existing franchisee of an additional franchise that is substantially
the same as the franchise that the franchisee has operated for at least two years at the time
of the offer or sale; or
The offer or sale of a franchise to a bank, saving and loan association, financial
organization or life insurance corporation within the meanings given these terms by
chapters 43-41B, 52-1, and 58-1.
SL 2008, ch 203, § 14.