<?xml version='1.0' encoding='utf-8'?>
<section article="gbr" article_name="Business Regulation" number="14-225" title_number="14" title_name="Business Opportunities, Franchises, and Multilevel Distribution Companies" subtitle_number="2" subtitle_name="Franchises">
  <text>A person may not publish an advertisement offering to sell a franchise subject to registration under this subtitle unless:</text>
  <level label="1">
    <text>the person submits a copy of the advertisement to the Commissioner for review at least 7 business days before the first publication of the advertisement unless the Commissioner by regulation or order allows a later submission; or</text>
  </level>
  <level label="2">
    <text>the advertisement is exempted from review by regulation of the Commissioner.</text>
  </level>
</section>
