Section 230-RICR-50-10-1.4 - Expiration and RenewalA. Exemption of a franchise under the Franchise Investment Act shall expire three hundred and sixty-five (365) calendar days after the notice is received by the Department and the notice of exemption may be renewed annually thereafter.B. Registration of a franchise under the Franchise Investment Act shall expire three hundred and sixty-five (365) calendar days from the initial effective date and may be renewed annually thereafter.230 R.I. Code R. 230-RICR-50-10-1.4