HARRY HUGHES Governor 2195
"AT THE FIRST PERSONAL MEETING OF THE SELLER AND A
PROSPECTIVE PURCHASER OR AT LEAST 10 DAYS BEFORE A PURCHASER
SIGNS A BUSINESS OPPORTUNITY CONTRACT OR PAYS ANY
CONSIDERATION TO THE SELLER, WHICHEVER OCCURS FIRST, THE
SELLER SHALL PROVIDE THE PURCHASER OR PROSPECTIVE PURCHASER
WITH A WRITTEN COPY OF THE DISCLOSURE REQUIRED UNDER THIS
SUBTITLE".
NOTHING EXCEPT THE HEADING, REQUIRED STATEMENT, AND ANY
OTHER INFORMATION REQUIRED BY THE COMMISSIONER MAY APPEAR ON
THIS COVER SHEET.
NOTHING EXCEPT THE HEADING AND REQUIRED STATEMENT MAY
APPEAR ON THIS COVER SHEET.
(2) ON THE FOLLOWING PAGES, THE DISCLOSURE SHALL
INCLUDE THE FOLLOWING INFORMATION:
(I) THE NAME AND ADDRESS OF THE SELLER,
WHETHER THE SELLER IS DOING BUSINESS AS AN INDIVIDUAL,
PARTNERSHIP, OR CORPORATION, THE NAMES UNDER WHICH THE
SELLER HAS DONE, IS DOING OR INTENDS TO DO BUSINESS, AND THE
NAME OF ANY PARENT OR AFFILIATED COMPANY THAT WILL ENGAGE IN
BUSINESS TRANSACTIONS WITH PURCHASERS OR WHO TAKES
RESPONSIBILITY FOR STATEMENTS MADE BY THE SELLER.
(II) THE NAMES, ADDRESSES AND TITLES OF
THE SELLER'S OFFICERS, DIRECTORS, TRUSTEES, GENERAL
PARTNERS, GENERAL MANAGERS, PRINCIPAL EXECUTIVES, AND ANY
OTHER PERSONS CHARGED WITH THE RESPONSIBILITY FOR THE
SELLER'S BUSINESS ACTIVITIES RELATING TO THE SALE OF
BUSINESS OPPORTUNITIES.
(III) THE LENGTH OF TIME THE SELLER HAS:
1. SOLD BUSINESS OPPORTUNITIES; AND
2. SOLD BUSINESS OPPORTUNITIES
INVOLVING THE PRODUCTS, EQUIPMENT, AND SUPPLIES FOR SERVICES
CURRENTLY BEING OFFERED TO THE PURCHASER.
(IV) A FULL AND DETAILED DESCRIPTION OF
THE ACTUAL SERVICES THAT THE BUSINESS OPPORTUNITY SELLER
UNDERTAKES TO PERFORM FOR THE PURCHASER.
(V) A COPY OF A FINANCIAL STATEMENT OF THE
SELLER, NOT OLDER THAN 13 MONTHS AND UPDATED TO REFLECT ANY
MATERIAL CHANGES IN THE SELLER'S FINANCIAL CONDITION. THE
COMMISSIONER, BY RULE OR ORDER, MAY WAIVE, MODIFY, OR
FURTHER CONDITION THE FINANCIAL STATEMENT.
(VI) A STATEMENT OF WHETHER THE SELLER:
1. HAS BEEN CONVICTED OF A FELONY,
OR PLEADED NOLO CONTENDERE TO A FELONY CHARGE, OR HELD
LIABLE IN A CIVIL ACTION BY FINAL JUDGMENT IF THE FELONY OR
CIVIL ACTION INVOLVED FRAUD, EMBEZZLEMENT, FRAUDULENT
CONVERSION, OR MISAPPROPRIATION OF PROPERTY;
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