Indiana Code 23-2-2.5-26. Advertisements containing false statements; notification; hearing
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Terms Used In Indiana Code 23-2-2.5-26
- Advertisement: means any published communication which offers any franchise for sale. See Indiana Code 23-2-2.5-1
- Commissioner: means the Indiana securities commissioner under IC 23-19-6-1(a). See Indiana Code 23-2-2.5-1
- Franchise: includes a contract whereby the franchisee is granted the right to sell franchises on behalf of the franchisor. See Indiana Code 23-2-2.5-1
- in writing: include printing, lithographing, or other mode of representing words and letters. See Indiana Code 1-1-4-5
- Publish: means to issue or circulate by newspaper, mail, radio, or television, or otherwise disseminate to the public. See Indiana Code 23-2-2.5-1
- written: includes printed, lithographed, or produced by any other means of graphic communication. See Indiana Code 23-2-2.5-1
Sec. 26. No person shall publish or cause to be published any advertisement concerning any franchise in Indiana after the commissioner finds that the advertisement contains any statement that is false, is misleading or omits to make any statement necessary in order to make the statements made, in light of the circumstances under which they were made, not misleading and so notifies the person in writing. Such notification may be given without notice of hearing. At any time after the issuance of a notification under this section, the person desiring to use the advertisement may request in writing that the order be rescinded. Upon the receipt of such written request, the matter shall be set down for hearing to commence within fifteen (15) days after receipt of the request unless the person making that request consents to a later date.
Formerly: Acts 1975, P.L.262, SEC.1.