(a) If there is a material change in the information that a registrant previously filed with the Commissioner, the franchisor shall:
(1) file promptly with the Commissioner an application to amend the registration; and
(2) pay a fee of $100.
(b) The registrant shall sign and verify the application to amend the registration.
(c) The Commissioner by regulation may state:
(1) what constitutes a material change; and
(2) the circumstances under which a revised prospectus shall accompany an application to amend the registration.
(d) If the Commissioner approves the amendment to the registration, the amendment takes effect on the date the Commissioner sets after considering the public interest and the protection of franchisees.
Structure Maryland Statutes
Title 14 - Business Opportunities, Franchises, and Multilevel Distribution Companies
Section 14-202 - Legislative Policy
Section 14-203 - Scope of Subtitle
Section 14-204 - Subtitle in Addition to Other Law
Section 14-207 - Publication of Information
Section 14-208 - Investigations
Section 14-209 - Interpretive Opinions
Section 14-210 - Civil Enforcement of Subtitle
Section 14-211 - Criminal Proceedings Authorized
Section 14-212 - Miscellaneous Powers
Section 14-213 - Privilege Against Self-Incrimination
Section 14-214 - Registration Required; Exemptions
Section 14-215 - Applications for Registration
Section 14-217 - Escrow Requirements
Section 14-218 - Issuance and Effective Date of Registration
Section 14-219 - Term and Renewal of Registration
Section 14-220 - Amendments to Registration
Section 14-221 - Grounds for Issuing Stop Order
Section 14-222 - Notice; Hearing; Vacating or Modifying Stop Order
Section 14-223 - Copies of Documents to Franchisees
Section 14-224 - Records Required
Section 14-225 - Advertisements Offering Franchises
Section 14-226 - Release From Liability as Condition of Sale
Section 14-227 - Civil Liability
Section 14-228 - Offer or Sale of Franchise Without Registration
Section 14-229 - Fraud or Deceit; Untrue Statements or Omissions of Material Fact
Section 14-230 - False or Misleading Statement or Omission in Prospectus or Amendment
Section 14-232 - Failure to Notify Commissioner of Material Change