In order to register a business opportunity, the seller shall file with the director of the Division of Insurance one of the following disclosure documents with the appropriate cover sheet as required by § 37-25A-15, a consent to service of process as specified in § 37-25A-9 and the appropriate fee as required by § 37-25A-10:

1. (1) A disclosure document prepared pursuant to § 37-25A-15; or
2. (2) A disclosure document prepared pursuant to 16 C.F.R. Part 437 as of January 1, 2008.

Source: SL 1985, ch 305 , § 8; SL 2008, ch 203 , § 58; SL 2017, ch 231 (Ex. Ord. 17-2 ), § 19, eff. Apr. 13, 2017.