S10245 Summary:
| BILL NO | S10245 |
| SAME AS | SAME AS A10378 |
| SPONSOR | ROLISON |
| COSPNSR | |
| MLTSPNSR | |
| Amd §684, Gen Bus L | |
| Exempts the offer of sale of franchises from registration requirements when the franchisee is located in another state. | |
S10245 Text:
Go to topSTATE OF NEW YORK ________________________________________________________________________ 10245 IN SENATE May 8, 2026 ___________ Introduced by Sen. ROLISON -- read twice and ordered printed, and when printed to be committed to the Committee on Consumer Protection AN ACT to amend the general business law, in relation to exempting the offer of sale of franchises from registration requirements The People of the State of New York, represented in Senate and Assem- bly, do enact as follows: 1 Section 1. Subdivision 3 of section 684 of the general business law is 2 amended by adding a new paragraph (e) to read as follows: 3 (e) The offer or sale by a franchisor of a franchise is made to a 4 person residing in another state and who or which will not operate the 5 franchise in this state; provided the franchisor otherwise complies in 6 full with any federal and state requirements relating to such offer or 7 sale. 8 § 2. This act shall take effect on the ninetieth day after it shall 9 have become a law. EXPLANATION--Matter in italics (underscored) is new; matter in brackets [] is old law to be omitted. LBD14852-02-6