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Assembly Bill A10378

2025-2026 Legislative Session

Exempts the offer of sale of franchises from registration requirements

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Current Bill Status - In Assembly Committee

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2025-A10378 (ACTIVE) - Details

See Senate Version of this Bill:
S10245
Current Committee:
Assembly Economic Development
Law Section:
General Business Law
Laws Affected:
Amd §684, Gen Bus L

2025-A10378 (ACTIVE) - Summary

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

2025-A10378 (ACTIVE) - Bill Text download pdf 

                             
                     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
                                ___________
 
 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

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