Status of Proposed Franchise Legislation
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Washington, DC--A bill, SB 423, making technicalcorrections to the franchise registration process in Indiana hasbeen approved by the House and Senate and was signed into law byGov. Frank O'Bannon on March 14. Included in the bill is therepeal of an earlier prohibition of publishing an advertisement fora franchise without first filing a copy of the ad with the statesecurities commissioner.
In Minnesota, last year, three representatives introduced abill, HF 2013, that would expand the requirement of "goodcause" before a franchisor could terminate or not renew afranchise agreement, effectively granting a franchise agreement"in perpetuity." The bill, which was held in committee,has now expired. -International FranchiseAssociation
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