S T A T E O F N E W Y O R K
________________________________________________________________________
10378
I N A S S E M B L Y
March 3, 2026
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Introduced by M. of A. BEEPHAN -- read once and referred to the Commit-
tee on Economic Development
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:
Section 1. Subdivision 3 of section 684 of the general business law is
amended by adding a new paragraph (e) to read as follows:
(E) THE OFFER OR SALE BY A FRANCHISOR OF A FRANCHISE IS MADE TO A
PERSON RESIDING IN ANOTHER STATE AND WHO OR WHICH WILL NOT OPERATE THE
FRANCHISE IN THIS STATE; PROVIDED THE FRANCHISOR OTHERWISE COMPLIES IN
FULL WITH ANY FEDERAL AND STATE REQUIREMENTS RELATING TO SUCH OFFER OR
SALE.
§ 2. This act shall take effect on the ninetieth day after it shall
have become a law.
EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
[ ] is old law to be omitted.
LBD14852-02-6