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R.I. Gen. Laws § 19-28.1-7

Out-of-state exemption

Known as the Rhode Island Franchise Investment Act

The act spans §§ 19-28.1-1 to 19-28.1-9 (34 sections).

P.L. 1993, ch. 395, § 2.

An offer or sale of a franchise is exempted from §§ 19-28.1-5, 19-28.1-8, 19-28.1-9, and 19-28.1-13 — 19-28.1-16 if:

(1) It is offered or sold to a nonresident of this state;

(2) The franchise business will not be operated wholly or partly in this state;

(3) The offer or sale does not violate federal law or the law of the foreign jurisdiction; and

(4) The offeree is not actually present in this state during any offer or sale.

Official source: Rhode Island General Assembly. Reproduced from public-domain Rhode Island statutes; confirm against the official source for the current text. Not legal advice.