Volume 794, Page 4010 View pdf image |
![]() |
![]() |
![]() |
![]() |
|
S.B.380 VETOES STATEMENT INCLUDING A CROSS-REFERENCE TO THE PAGE ON WHICH FURTHER (28) ANY OTHER INFORMATION THAT THE COMMISSIONER REQUIRES 14-115. (a) If a seller guarantees that a buyer will derive from a business opportunity (1) get a surety bond in favor of the State from a surety company authorized (2) establish a trust account in favor of the State with an insured bank or (b) The amount of the bond or trust account shall be at least $50,000. (c) (1) A person may bring an action against the bond or trust account to (i) a violation of this subtitle; or (ii) the seller's breach of the contract for the sale of a business (2) The surety or trustee is liable only for actual damages up to the amount 14-116. The seller shall: (1) file with the Commissioner an amendment to the documents previously (2) pay a fee of $50 for filing the amendment.
- 4010 -
|
![]() | |||
![]() | ||||
![]() |
Volume 794, Page 4010 View pdf image |
Tell Us What You Think About the Maryland State Archives Website!
|
An Archives of Maryland electronic publication.
For information contact
mdlegal@mdarchives.state.md.us.