Virginia Code 13.1-560: Registration required
Current as of: 2024 | Check for updates
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It shall be unlawful for any person to sell or offer to sell a franchise in this Commonwealth unless the franchise is registered under the provisions of this chapter or exempted from registration by rule or order of the Commission.
Terms Used In Virginia Code 13.1-560
- Commission: means the State Corporation Commission. See Virginia Code 13.1-559
- Franchise: means a written contract or agreement between two or more persons, by which:
1. See Virginia Code 13.1-559
- offer to sell: includes every attempt to offer to dispose of or grant, and every solicitation of an offer to buy, a franchise or an interest in a franchise for value. See Virginia Code 13.1-559
- Person: includes any individual, corporation, partnership, association, cooperative, limited liability company, trust, joint venture, government, political subdivision, or any other legal or commercial entity and any successor, representative, agent, agency, or instrumentality thereof. See Virginia Code 1-230
- sell: includes every contract or agreement of sale or grant of, contract to sell, or disposition of a franchise or interest in a franchise for value. See Virginia Code 13.1-559