N.Y. Comp. Codes R. & Regs. tit. 13 § 200.13

Current through Register Vol. 46, No. 25, June 18, 2024

Section 200.13 - Unregistered franchise offers over the Internet

Any communication made through the Internet, the World Wide Web, or any other similar proprietary or common carrier electronic delivery system, of an offer to sell a franchise that is not registered in New York, ("Internet offer") is exempt from registration provisions, if:

(a) the Internet offer indicates, directly or indirectly, that the franchise is not being offered to residents of this State;

(b) the Internet offer is not otherwise directed to any person in this State by or on behalf of the franchisor or anyone acting with the franchisor's knowledge; and

(c) no franchise is old in this State by or on behalf of the franchisor until the offering has been registered and declared effective and the Uniform Franchise Offering Circular has been delivered to the offeree before the sale in compliance with article 33 of the General Business Law, the New York Franchise Act.

N.Y. Comp. Codes R. & Regs. Tit. 13 § 200.13

Amended New York State Register July 3, 2018/Volume XL, Issue 27, eff. 7/3/2018