§4692. When disclosure statement must be provided
Seller shall provide all purchasers with a disclosure statement meeting the requirements of this chapter at the earliest of: at least 72 hours before the purchaser signs a business opportunity agreement; at least 72 hours before the purchaser makes payment of any consideration in connection with the sales or proposed sale of the business opportunity; or the first face-to-face meeting between the seller and the purchaser that is held for the purpose of discussing the sale or proposed sale of a business opportunity. [PL 1991, c. 210, §2 (AMD).]
SECTION HISTORY
PL 1979, c. 571 (NEW). PL 1991, c. 210, §2 (AMD).
Structure Maine Revised Statutes
TITLE 32: PROFESSIONS AND OCCUPATIONS
Chapter 69-B: REGULATIONS OF THE SALE OF BUSINESS OPPORTUNITIES
32 §4692. When disclosure statement must be provided
32 §4695. Bonds and escrow accounts
32 §4697. Renewal of registration
32 §4699-A. Investigatory powers of Securities Administrator