§ 19-28.1-13. Books and records.
Every franchisor offering or selling a franchise in this state must maintain a complete and accurate set of books and records of the offers and sales of franchises. The books and records must include disclosure documents, advertising correspondence with franchisees and prospective franchisees, past and present operations manuals, training records, training manuals, copies of executed agreements, and any due diligence records concerning franchisees. These books and records must be maintained at an office readily accessible to the franchisor for five (5) years. The books and records may be kept on photographic or electronic media but must be printed if the director requests. Nothing in this section limits the investigative authority of the director.
History of Section.P.L. 1993, ch. 395, § 2.
Structure Rhode Island General Laws
Title 19 - Financial Institutions
Chapter 19-28.1 - Franchise Investment Act
Section 19-28.1-1. - Short title.
Section 19-28.1-2. - Legislative intent.
Section 19-28.1-3. - Definitions.
Section 19-28.1-4. - Scope and applicability.
Section 19-28.1-5. - Registration of franchises.
Section 19-28.1-6. - Exemption from registration.
Section 19-28.1-7. - Out-of-state exemption.
Section 19-28.1-8. - Delivery requirements.
Section 19-28.1-9. - General registration provisions.
Section 19-28.1-10. - Negotiated changes permitted.
Section 19-28.1-11. - Change in information.
Section 19-28.1-12. - Advertising.
Section 19-28.1-13. - Books and records.
Section 19-28.1-14. - Jurisdiction and venue.
Section 19-28.1-15. - Waivers void.
Section 19-28.1-16. - Franchisee’s right to associate.
Section 19-28.1-17. - Fraudulent, deceptive and prohibited practices.
Section 19-28.1-18. - Enforcement.
Section 19-28.1-19. - Summary action.
Section 19-28.1-20. - Criminal prosecution.
Section 19-28.1-21. - Private civil actions.
Section 19-28.1-22. - Period of limitation.
Section 19-28.1-23. - No other civil liability.
Section 19-28.1-24. - Burden of proof.
Section 19-28.1-25. - Hearings and judicial review.
Section 19-28.1-26. - Powers of director.
Section 19-28.1-27. - Rules, orders, forms and interpretive opinions.
Section 19-28.1-28. - Service of process.
Section 19-28.1-30. - Appropriation.
Section 19-28.1-31. - Cooperation with other agencies or organizations.
Section 19-28.1-32. - Filing of documents.