North Dakota is one of 15 states that require a “registration” of franchise offerings. Before you offer or sell a franchise in North Dakota or to any North Dakota resident you must first register your franchise offering with the Securities Department. All franchise filings must be prepared under the North Dakota Century Code (NDCC) North Dakota Franchise Investment Law (NDFIL) 51-19.
As of July 1, 2008 registrations states will only accept the North American Securities Administrators Association, Inc. (NASAA) adopted Amended Franchise Rule of the Federal Trade Commission, 16, C.F.R. Part 436. The states may impose additional requirements under state law consistent with the rule.