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A10378 • 2025

Exempts the offer of sale of franchises from registration requirements

Exempts the offer of sale of franchises from registration requirements

Active

The official status still shows this bill as active or still awaiting another formal step.

Sponsor
Anil Beephan Jr.
Last action
2026-05-19
Official status
In Assembly Committee
Effective date
Not listed

Plain English Breakdown

Using official source text because the generated explanation was unavailable or could not be confirmed against the official bill text.

Exempts the offer of sale of franchises from registration requirements

Exempts the offer of sale of franchises from registration requirements Exempts the offer of sale of franchises from registration requirements when the franchisee is located in another state.

What This Bill Does

  • Exempts the offer of sale of franchises from registration requirements Exempts the offer of sale of franchises from registration requirements when the franchisee is located in another state.

Limits and Unknowns

  • This entry is temporarily using official source text because the generated explanation could not be confirmed against the official bill text during the last sync.

Bill History

  1. 2026-05-19 Assembly

    HELD FOR CONSIDERATION IN ECONOMIC DEVELOPMENT

  2. 2026-03-03 Assembly

    REFERRED TO ECONOMIC DEVELOPMENT

Official Summary Text

Exempts the offer of sale of franchises from registration requirements
Exempts the offer of sale of franchises from registration requirements when the franchisee is located in another state.

Current Bill Text

Read the full stored bill text 
S T A T E   O F   N E W   Y O R K
        ________________________________________________________________________

                                          10378

                                  I N  A S S E M B L Y

                                      March 3, 2026
                                       ___________

        Introduced  by M. of A. BEEPHAN -- read once and referred to the Commit-
          tee on Economic Development

        AN ACT to amend the general business law, in relation to  exempting  the
          offer of sale of franchises from registration requirements

          THE  PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
        BLY, DO ENACT AS FOLLOWS:

     1    Section 1. Subdivision 3 of section 684 of the general business law is
     2  amended by adding a new paragraph (e) to read as follows:
     3    (E) THE OFFER OR SALE BY A FRANCHISOR OF A  FRANCHISE  IS  MADE  TO  A
     4  PERSON  RESIDING  IN ANOTHER STATE AND WHO OR WHICH WILL NOT OPERATE THE
     5  FRANCHISE IN THIS STATE; PROVIDED THE FRANCHISOR OTHERWISE  COMPLIES  IN
     6  FULL  WITH  ANY FEDERAL AND STATE REQUIREMENTS RELATING TO SUCH OFFER OR
     7  SALE.
     8    § 2. This act shall take effect on the ninetieth day  after  it  shall
     9  have become a law.







         EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                              [ ] is old law to be omitted.
                                                                   LBD14852-02-6