Section 23-2-2.5-9 - Offer or sale of franchise; requisites; disclosure statementNo person may offer or sell any franchise:
(1) unless the franchise is registered under this chapter or is exempt from such registration under sections 3 through 5 of this chapter; and(2) without first providing to the prospective franchisee at least ten (10) days prior to the execution by the prospective franchisee of a binding franchise or at least ten (10) days prior to the receipt by the franchisor of any consideration, whichever first occurs, a disclosure statement together with a copy of all proposed contracts relating to the sale of a franchise.(Formerly: Acts1975 , P.L. 262, SEC.1.) As amended by P.L. 233-1985, SEC.2.