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‘‘NOTICE REQUIRED BY STATE LAW REGARDING DISCLOSURES State law requires that a multilevel distribution company shall make available certain disclosures regarding the company prior to obtaining participants. This is your official notice that you have a right to request to see these disclosures prior to entering into any agreement with a multilevel distribution company. This will be the only notice you receive regarding your rights to see these disclosures. If you waive these rights, you are giving up an important consumer protection that the State of Georgia has found you should be provided. If you wish to exercise these rights, please indicate below that you want to see the disclosures before agreeing to be a participant, then do not agree to become a participant until the disclosures have been made available to you. SIGN ONLY ONE OF THE FOLLOWING STATEMENTS: I wish to see the disclosures required by law before I agree to become a participant. Date: I do not wish to see the disclosures required by law; I understand that I will not be seeing important information which might affect my decision to participate in this multilevel distribution company. Date: ”
History. Ga. L. 1980, p. 1233, § 4; Ga. L. 1984, p. 522, § 4; Ga. L. 1988, p. 1868, § 1; Ga. L. 1992, p. 2370, § 3.
Law reviews.
For note, “The Georgia Sale of Business Opportunities Act,” see 1 Ga. St. U.L. Rev. 219 (1985).
Structure Georgia Code
Chapter 1 - Selling and Other Trade Practices
Article 15 - Deceptive or Unfair Practices
Part 3 - Multilevel Distribution Companies; Sale of Business Opportunities
§ 10-1-412. When Bond or Trust Account Required; Escrow Account Required
§ 10-1-413. Required Disclosures; Updating; Form of Notice
§ 10-1-414. Prohibited Acts by Sellers
§ 10-1-415. Contracts to Be in Writing; Delivery of Copy; Required Provisions; Cancellation Rights
§ 10-1-416. Appointment of Secretary of State as Agent for Service of Process
§ 10-1-417. Purchaser and Participant Remedies; Violations as Unfair or Deceptive Acts; Penalty