Mich. Admin. Code R. 445.402

Current through Vol. 24-21, December 1, 2024

Section R. 445.402 - Exemptions based on limited number of offerees

Rule 402. The exemption provided by section 6(2)(k) of the act shall pertain to only those franchisors who:

(a) Do not have more than 1 existing franchise within or without the state prior to the offer of a franchise under this part, and

(b) Provide disclosure to the franchisee offeree as required in sections 5(1)(b) and 5(2) of the act.

Mich. Admin. Code R. 445.402

1979 AC