Md. Code, Business Regulation § 14-219
This is the official text of Md. Code, Business Regulation § 14-219, part of Maryland’s Code, Business Regulation — governs general business licensing and regulation.
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§14–219.
Official statutory text
(a) (1) Unless registration of an offer of a franchise is renewed for a 1-year term as provided in this section, the registration expires on the first anniversary of its effective date.
(2) However, the Commissioner by regulation or order may set a different term of registration.
(b) (1) Before registration expires, the registrant periodically may renew it for an additional 1-year term, if the registrant:
(i) at least 15 business days before the expiration of registration files with the Commissioner:
1. a renewal application on the form that the Commissioner provides; and
2. a prospectus;
(ii) otherwise is entitled to be registered; and
(iii) pays a renewal fee of $250.
(2) The registrant shall sign and verify the renewal application.
(3) The Commissioner by order may allow a registrant to submit a renewal application after the 15th business day before expiration of the registration.
(c) The Commissioner shall renew the registration of an offer of a franchise if it meets the requirements of this section.
(d) Unless a stop order or other order is in effect under this subtitle, renewal of the registration of the offer of a franchise automatically takes effect at:
(1) noon on the day when the previous registration is due to expire; or
(2) an earlier time that the Commissioner sets.
(2) However, the Commissioner by regulation or order may set a different term of registration.
(b) (1) Before registration expires, the registrant periodically may renew it for an additional 1-year term, if the registrant:
(i) at least 15 business days before the expiration of registration files with the Commissioner:
1. a renewal application on the form that the Commissioner provides; and
2. a prospectus;
(ii) otherwise is entitled to be registered; and
(iii) pays a renewal fee of $250.
(2) The registrant shall sign and verify the renewal application.
(3) The Commissioner by order may allow a registrant to submit a renewal application after the 15th business day before expiration of the registration.
(c) The Commissioner shall renew the registration of an offer of a franchise if it meets the requirements of this section.
(d) Unless a stop order or other order is in effect under this subtitle, renewal of the registration of the offer of a franchise automatically takes effect at:
(1) noon on the day when the previous registration is due to expire; or
(2) an earlier time that the Commissioner sets.
Status: in_force · Read it on the official government site
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