(a)  It is unlawful to sell any franchise in this state without first providing a copy of a disclosure document reflecting all material changes together with a copy of all proposed agreements relating to the sale of the franchise, unless otherwise provided in subsection (b), to the prospective franchisee, not less than:

(1)  [Deleted by P.L. 2016, ch. 153, § 2 and P.L. 2016, ch. 159, § 2].

(2)  Fourteen (14) calendar days prior to the execution of an agreement or payment of any consideration relating to the franchise relationship.

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(b)  The delivery requirements in subsection (a) do not apply to the offer or sale of a franchise that is exempt under § 19-28.1-6(2), (3), (6), or (8).