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Session Laws, 1996
Volume 794, Page 3007   View pdf image
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PARRIS N. GLENDENING, Governor

Ch. 518

(b)     A buyer may sue for damages, including reasonable attorney's fees, if the
buyer is injured by:

(1)     a violation of this subtitle; or

(2)     the seller's breach of a contract for the sale of a business opportunity.

(c)     On complaint that a seller has violated this subtitle, the circuit court may
enjoin the seller from further violation.

(d)     The remedies in this section are in addition to any other remedy provided by
law or in equity.

14-127.

(a)     A person who sells a business opportunity may not, in a disclosure statement
or amendment to it, willfully make a false or misleading statement of a material fact or
willfully omit to state a material fact required or necessary to make the statements in a
disclosure statement not misleading.

(b)     A person who violates this section is guilty of a felony and, on conviction, is
subject for each violation to a fine not exceeding $10,000 or imprisonment not exceeding
5 years or both.

14-128.

A person who violates this subtitle is guilty of a misdemeanor and, unless another
criminal penalty is specifically provided elsewhere, on conviction, is subject to a fine not
exceeding $1,000 or imprisonment not exceeding 1 year or both.

14-129.

This subtitle is the Maryland Business Opportunity Sales Act.

SECTION 2. AND BE IT FURTHER ENACTED, That this Act shall take effect
October 1, 1996.

Approved May 14, 1996.

CHAPTER 518
(House Bill 1054)

AN ACT concerning

Calvert County - Public Facilities Bonds - Public School Construction

FOR the purpose of authorizing and empowering the County Commissioners of Calvert
County, from time to time, to borrow not more than $4,700,000 in order to finance
the costs of construction, improvement, or development of certain public facilities in
Calvert County, as herein defined, and to effect such borrowing by the issuance and
sale at public or private sale of its general obligation bonds in like par amount;
empowering the County to fix and determine, by resolution, the form, tenor, interest

- 3007 -

 

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Session Laws, 1996
Volume 794, Page 3007   View pdf image
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