§ 14–229
Statutes in effect as of October 1, 2026.
Md. Code Ann., Bus. Reg. § 14-229 (2026)
Title 14. Business Opportunities, Franchises, and Multilevel Distribution Companies
Subtitle 2. Franchises
§ 14–229LinkCopy Citation
(a)
In connection with an offer to sell or sale of a franchise, a person, directly or indirectly, may not:
(1)
employ a device, scheme, or artifice to defraud;
(2)
make an untrue statement of a material fact or omit to state a material fact necessary in order to make the statement made, in light of the circumstances under which it is made, not misleading; or
(3)
engage in an act, practice, or course of business that operates or would operate as a fraud or deceit on another person.
(b)
A person who willfully sells a franchise knowingly violating this section is guilty of a felony and, on conviction, is subject for each violation to a fine not exceeding $10,000 or imprisonment not exceeding 5 years or both.