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N.D.C.C. 51-19 - Franchise

The North Dakota Securities Department administers and enforces the North Dakota Franchise Investment Law, N.D.C.C. Chapter 51-19, which regulates the offer and sale of franchises in the state. Before a franchisor can offer or sell any franchise in North Dakota or to any North Dakota residents, it must first register the franchise offering with the Securities Department and provide any prospective franchisee with certain disclosures before a franchise agreement may be executed. Violations of the Franchise Investment Law could result in the denial, suspension or revocation of the franchise registration or an administrative action or referral for criminal prosecution.

N.D.C.C. 51-19 - Franchise