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Session Laws, 1996
Volume 794, Page 2999   View pdf image
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PARRIS N. GLENDENING, Governor                             Ch. 517

(8)     A full and detailed description of the acts and services that the seller
agrees to perform for the buyer;

(9)     [a copy of a financial statement of the seller that is not more than 13
months old and is updated to reflect any material changes in the seller's financial
condition;

(10)] (i) whether the seller OR ANY PERSON DESCRIBED IN PARAGRAPH
(5) OF THIS SUBSECTION has been convicted of a felony, has pleaded nolo contendere to
a felony charge, or has been adjudged liable in a civil action, if the felony or civil action
involved fraud, embezzlement, fraudulent conversion, or misappropriation of property;
and

(ii) if so, the court, date of the conviction or the judgment, and any
penalty imposed or damages assessed;

[(11)](10)(i) whether the seller OR ANY PERSON DESCRIBED IN
PARAGRAPH (5) OF THIS SUBSECTION is subject to:

1.       a currently effective order of the Federal Trade Commission;
or

2.       a currently effective order that enjoins or restricts business
activity as a result of an action brought by a public agency, including an action that affects
a license as a real estate broker, associate real estate broker, or real estate salesperson;
and

(ii) if so, the date, nature, and issuer of the order and any penalty
imposed;

(11)   WHETHER THE SELLER OR ANY PERSON IDENTIFIED IN PARAGRAPH
(5) OF THIS SUBSECTION HAS FILED FOR BANKRUPTCY, BEEN ADJUDGED BANKRUPT,
BEEN REORGANIZED DUE TO INSOLVENCY, OR WAS AN OWNER, PRINCIPAL
OFFICER, OR GENERAL PARTNER OF ANY OTHER PERSON THAT HAS FILED
BANKRUPTCY, BEEN ADJUDGED BANKRUPT, OR WAS REORGANIZED DUE TO
INSOLVENCY DURING OR WITHIN THE LAST 7 YEARS;

(12)   a copy of the form of agreement proposed;

(13)   the conditions of any financing arrangement offered directly or
indirectly by the seller or an agent or affiliate of the seller;

(14)   whether the buyer receives an exclusive territory;

(15)   a complete description of any training that the seller promises, including
the length of the training;

(16)   a complete description of:

(i) any services that the seller promises will be performed in
connection with the placement of the buyer's products, equipment, or supplies at various
locations; and

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Session Laws, 1996
Volume 794, Page 2999   View pdf image
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