PARRIS N. GLENDENING, Governor                            S.B. 380

(c) After the cover sheet, the disclosure statement shall include the following
information:

(1)     the name and address of the seller;

(2)     whether the seller is doing business as an individual, partnership, or
corporation;

(3)     the names under which the seller has done, is doing, or intends to do
business;

(4)     the name of any parent or affiliated company that will engage in business
transactions with buyers or that takes responsibility for statements of the seller;

(5)     the name, address, and title of each of the seller's officers, directors,
trustees, general partners, general managers, principal executives, and others responsible
for the seller's activities that relate to the sale of business opportunities;

(6)     [the length of time the seller has sold business opportunities] THE
NAMES AND RESIDENTIAL ADDRESSES OF THE SALESPERSONS WHO ENGAGE IN THE
SALE OR OFFER TO SELL A BUSINESS OPPORTUNITY IN THE STATE;

(7)     [the length of time the seller has sold business opportunities that
involve the products, equipment, supplies, or services that the seller currently is offering
to the buyer;] PRIOR BUSINESS EXPERIENCE OF THE SELLER RELATING TO BUSINESS
OPPORTUNITIES, INCLUDING:

(I)      THE NAME, ADDRESS, AND A DESCRIPTION OF ANY BUSINESS
OPPORTUNITY PREVIOUSLY OFFERED BY THE SELLER;

(II)    THE LENGTH OF TIME THE SELLER HAS OFFERED EACH
BUSINESS OPPORTUNITY; AND

(III) THE LENGTH OF TIME THE SELLER HAS CONDUCTED THE
BUSINESS OPPORTUNITY CURRENTLY BEING OFFERED TO THE BUYER;

(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;

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