PARRIS N. GLENDENING, Governor                             Ch. 517

2. a post office in the State.

(2)     For purposes of this section, an offer to sell is not made in the State only
because the publisher circulates or there is circulated on the publisher's behalf in the
State:

(i) a newspaper or other publication of general, regular, and paid
circulation that:

1.       is not published in the State; or

2.       is published in the State but has had more than two-thirds of
its circulation outside the State during the past 12 months; or

(ii) a radio or television program that originates outside the State and
is received in the State.

(3)     For purposes of this section, an offer to buy is accepted in the State if
acceptance:

(i) is communicated to the offeror in the State; and

(ii) has not been communicated previously to the offeror, orally or in
writing, outside the State.

(4)     For purposes of this section, acceptance is communicated to the offeror
in the State, whether or not either party is then present in the State, if:

(i) the offeree directs acceptance to the offeror in the State
reasonably believing the offeror to be in the State; and

(ii) the acceptance is received at:

1.       the place to which it is directed; or

2.       a post office in the State.
14-104.

(A) This subtitle does not apply to:

(1)     a sale of an ongoing business if the owner of the business sells and
intends to sell only that one business opportunity;

(2)     a not-for-profit sale, for less than $500, of sales demonstration
equipment, materials, or samples;

(3)     an offer to sell or sale of a franchise registered OR EXEMPT FROM
REGISTRATION under Subtitle 2 of this title;

(4)     an offer to sell or sale of a business if the offer or sale is regulated under
the Maryland Gasohol and Gasoline Products Marketing Act or the federal Petroleum
Marketing Practices Act;

- 2991 -