§ 19-28.1-13 - Books and records. - Rhode Island Statutes

SECTION 19-28.1-13

   § 19-28.1-13  Books and records. – Every franchisor offering or selling a franchise in this state must maintain acomplete and accurate set of books and records of the offers and sales offranchises. The books and records must include disclosure documents,advertising correspondence with franchisees and prospective franchisees, pastand present operations manuals, training records, training manuals, copies ofexecuted agreements, and any due diligence records concerning franchisees.These books and records must be maintained at an office readily accessible tothe franchisor for five (5) years. The books and records may be kept onphotographic or electronic media but must be printed if the director requests.Nothing in this section limits the investigative authority of the director.