Sale or lease of business opportunity—Offer to sell or lease business opportunity—Occurrence in Washington.
Application of chapter.
Persons proposing to sell or lease business opportunity—Registration required—Application—Renewal—Denial, suspension, or revocation of registration.
Disclosure document required—Contents.
Business opportunity fraud—Penalties.
Disclosure document—Director authorized to accept alternative.
Persons proposing to sell or lease business opportunity—Service of process.
Seller to provide surety bond or trust account—Action by state or injured person—Damages.
Business opportunity contract—Content—Cancellation period.
Liability of seller for violation of chapter—Remedies—Damages.
Director authorized to investigate violations—Authority to subpoena witnesses or require production of documents.
Order to cease and desist—Hearing—Notice.
Actions by attorney general or prosecuting attorney to enjoin violations—Injunction—Appointment of receiver or conservator—Civil penalties.
Violations constitute unfair practice.
Authority of director to issue rules, forms, orders, interpretive opinions.
Appointment of administrator—Delegation of powers.
Chapter cumulative and nonexclusive.
Effective date—1981 c 155.