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Section 14-231 - Untrue Statements or Omissions of Material Fact in Applications, Notices, or Reports — Maryland Law | CourtGPT
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  7. Section 14-231 - Untrue Statements or Omissions of Material Fact in Applications, Notices, or Reports
Maryland Legal Code

Section 14-231 - Untrue Statements or Omissions of Material Fact in Applications, Notices, or Reports

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(a) A person may not make or cause to be made an untrue statement of a material fact or omit to state a material fact in an application for registration, to amend registration, or for renewal or in a notice or report filed with the Commissioner under this subtitle. (b) A person who willfully sells a franchise knowingly violating this section is guilty of a felony and, on conviction, is subject for each violation to a fine not exceeding $10,000 or imprisonment not exceeding 5 years or both.