Code of Virginia - Title 13.1 Corporations - Section 13.1-563 Unlawful offers

§ 13.1-563. Unlawful offers

It shall be unlawful for any person, in connection with the grant or offer to grant a franchise in this Commonwealth, directly or indirectly:

(a) To employ any device, scheme or artifice to defraud;

(b) To make any untrue statement of a material fact or to omit to state a material fact necessary in order to avoid misleading the offeree;

(c) To engage in any transaction, practice or course of business which operates or would operate as a fraud or deceit upon the franchisee; or

(d) [Repealed.]

(e) To fail to provide the franchisee a copy of (i) the franchise agreement and (ii) such disclosure document as may be required by rule or order of the Commission.

(1972, c. 561; 1978, c. 670; 1991, c. 475.)

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Last modified: April 2, 2009