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Bill > S10245
NY S10245
NY S10245Exempts the offer of sale of franchises from registration requirements when the franchisee is located in another state.
summary
Introduced
05/08/2026
05/08/2026
In Committee
05/08/2026
05/08/2026
Crossed Over
Passed
Dead
Introduced Session
2025-2026 General Assembly
Bill Summary
AN ACT to amend the general business law, in relation to exempting the offer of sale of franchises from registration requirements
AI Summary
This bill amends the general business law to exempt the offer or sale of a franchise from registration requirements if the person buying the franchise (the franchisee) lives in another state and will not operate the franchise within New York, as long as the seller (the franchisor) follows all federal and state rules for such offers.
Committee Categories
Business and Industry
Sponsors (1)
Last Action
REFERRED TO CONSUMER PROTECTION (on 05/08/2026)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://www.nysenate.gov/legislation/bills/2025/S10245 |
| BillText | https://assembly.state.ny.us/leg/?default_fld=&bn=S10245&term=2025&Summary=Y&Actions=Y&Text=Y&Committee%26nbspVotes=Y&Floor%26nbspVotes=Y#S10245 |
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