- (a) A person may not make or cause to be made an untrue statement of a material fact or omit to state a material fact in an application for registration, to amend registration, or for renewal or in a notice or report filed with the Commissioner under this subtitle.
- (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.
Added by Acts 1992, c. 4, § 2. Amended by Acts 1992 c. 26, § 4.
Formerly Art. 56, §§ 347, 365A.