This chapter applies to a sale of, or an offer to sell, a business opportunity if
(1) the offer, regardless of whether either party is then present in this state, originates in this state, or is directed by the offeror to this state and received at the place to which the offer is directed, including a post office box; this paragraph does not include an offer that
(A) appears in a bona fide newspaper or other publication of general circulation that is not published in this state or that is published in this state but more than two-thirds of its circulation was outside this state during the 12 months preceding the offer; or
(B) is made on a radio or television program that originates outside this state and is received in this state;
(2) the acceptance
(A) has not been previously communicated, orally or in writing, to the offeror outside this state;
(B) is communicated to the offeror in this state, regardless of whether the seller or buyer is then present in this state, and the offeree reasonably believes that the offeror is located in this state; and
(C) is received at the place to which it was directed, including a post office box; or
(3) the buyer is domiciled in this state and the business opportunity is or will be operated in this state.
Section: Previous 45.66.010 45.66.020 45.66.030 45.66.040 45.66.050 45.66.060 45.66.070 45.66.080 45.66.090 45.66.100 45.66.110 45.66.120 45.66.130 45.66.140 45.66.150 NextLast modified: November 15, 2016