New York S 10245: Exempts the offer of sale of franchises from registration requirements

Bill Text

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S10245 Summary:

BILL NOS10245 

&nbsp

SAME ASSAME AS A10378

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SPONSORROLISON

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COSPNSR

&nbsp

MLTSPNSR

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Amd §684, Gen Bus L

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Exempts the offer of sale of franchises from registration requirements when the franchisee is located in another state.

Go to top S10245 Actions:

BILL NOS10245 

&nbsp

05/08/2026REFERRED TO CONSUMER PROTECTION

Go to topS10245 Committee&nbspVotes:

Go to topS10245 Floor&nbspVotes:

There are no Assembly votes for this bill in this legislative session.

Go to topS10245 Text:

 STATE OF NEW YORK
 ________________________________________________________________________

 10245

 IN SENATE

 May 8, 2026
 ___________

 Introduced by Sen. ROLISON -- read twice and ordered printed, and when
 printed to be committed to the Committee on Consumer Protection

 AN ACT to amend the general business law, in relation to exempting the
 offer of sale of franchises from registration requirements

 The People of the State of New York, represented in Senate and Assem-
 bly, do enact as follows:

 1 Section 1. Subdivision 3 of section 684 of the general business law is
 2 amended by adding a new paragraph (e) to read as follows:
 3 (e) The offer or sale by a franchisor of a franchise is made to a
 4 person residing in another state and who or which will not operate the
 5 franchise in this state; provided the franchisor otherwise complies in
 6 full with any federal and state requirements relating to such offer or
 7 sale.
 8 § 2. This act shall take effect on the ninetieth day after it shall
 9 have become a law.

 EXPLANATION--Matter in italics (underscored) is new; matter in brackets
 [ ] is old law to be omitted.
 LBD14852-02-6

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