Exempts the offer of sale of franchises from registration requirements

Summary

The bill adds a new exception to the General Business Law so a franchisor can offer or sell a franchise to someone who lives in another state and will not operate it in New York, provided the franchisor follows all other federal and state rules. This removes the need for the franchisor to register the offer with New York authorities. The change is intended to simplify cross‑state franchise transactions.

AI-generated summary — may be incomplete or inaccurate. Verify against the official bill text.

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