Ohio Revised Code Chapter 1334 - Business Opportunity Plans

• Section 1334.01 - Business Opportunity Plan Definitions.
  As used in sections 1334.01 to 1334.15 of the Revised Code: (A) "Seller" means a person who sells or leases a business opportunity plan....
• Section 1334.02 - Written Disclosure Document.
  In connection with the sale or lease of a business opportunity plan, no seller or broker shall fail to provide to a prospective purchaser,...
• Section 1334.03 - Prohibitions.
  In connection with the sale or lease of a business opportunity plan, no seller or broker shall: (A) Make any oral, written, or visual...
• Section 1334.04 - Seller To Establish Surety Bond Or Establish Trust Account.
  (A) If, pursuant to division (H) of section 1334.03 of the Revised Code, a seller is required to obtain a surety bond or establish...
• Section 1334.05 - Right To Cancel.
  (A) In addition to any other right or remedy available to a purchaser under sections 1334.01 to 1334.15 of the Revised Code, a purchaser...
• Section 1334.06 - Written Agreements - Contents.
  (A) Every agreement selling or leasing a business opportunity plan shall be in writing and a copy of the executed agreement and all other...
• Section 1334.07 - Attorney General Investigations.
  [(A)] If by his own inquiries, or as a result of complaints, the attorney general has reasonable cause to believe that a seller or...
• Section 1334.08 - Attorney General Actions.
  (A) If the attorney general, by his own inquiries or as a result of complaints has reasonable cause to believe that a person has...
• Section 1334.09 - Action For Rescission And Damages.
  (A) For a violation of sections 1334.01 to 1334.15 of the Revised Code, a purchaser has a cause of action and may seek either...
• Section 1334.10 - Jurisdiction.
  (A) The courts of common pleas, and municipal or county courts within their respective monetary jurisdiction, have jurisdiction over any seller or broker with...
• Section 1334.11 - Defenses.
  Notwithstanding section 1303.35 of the Revised Code, a purchaser who executes an agreement selling or leasing to him a business opportunity plan or a...
• Section 1334.12 - Application Of Chapter.
  Sections 1334.01 to 1334.15 of the Revised Code do not apply to: (A) The relationship between an employer and an employee, or among general...
• Section 1334.13 - Certain Franchising Transactions Exempted.
  Except for division (H) of section 1334.03 and section 1334.04 of the Revised Code, sections 1334.01 to 1334.15 of the Revised Code do not...
• Section 1334.14 - Burden Of Proof.
  In any case arising under section 1334.08 or 1334.09 of the Revised Code, the burden of proving an exemption or exception from section 1334.12...
• Section 1334.15 - Legislative Intent; Remedies; Waiver.
  (A) The general assembly declares that the offer and sale of business opportunity plans is a matter affected with a public interest. The general...
• Section 1334.99 - Penalty.
  Whoever violates sections 1334.02 to 1334.06 of the Revised Code is guilty of a misdemeanor of the first degree. Effective Date: 07-01-1996

Last modified: October 10, 2016