§ 19-28.1-7 - Out-of-state exemption. - Rhode Island Statutes

SECTION 19-28.1-7

   § 19-28.1-7  Out-of-state exemption. –An offer or sale of a franchise is exempted from §§ 19-28.1-5,19-28.1-8, 19-28.1-9, and 19-28.1-13 – 19-28.1-16 if:

   (1) It is offered or sold to a non-resident of this state;

   (2) The franchise business will not be operated wholly orpartly in this state;

   (3) The offer or sale does not violate federal law or the lawof the foreign jurisdiction; and

   (4) The offeree is not actually present in this state duringany offer or sale.