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Section 75-24-53 - Sales of participation in pyramid sales scheme forbidden; franchises to be terminated only on ninety days' notice — Mississippi Law | CourtGPT
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  6. Pyramid Sales Schemes Cancellation of Franchises/
  7. Section 75-24-53 - Sales of participation in pyramid sales scheme forbidden; franchises to be terminated only on ninety days' notice
Mississippi Legal Code

Section 75-24-53 - Sales of participation in pyramid sales scheme forbidden; franchises to be terminated only on ninety days' notice

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No person who has granted a franchise to another person shall cancel or otherwise terminate any such franchise agreement without notifying such person of the cancellation, termination or failure to renew in writing at least ninety (90) days in advance of the cancellation, termination or failure to renew, except that when criminal misconduct, fraud, abandonment, bankruptcy or insolvency of the franchisee, or the giving of a no account or insufficient funds check is the basis or grounds for cancellation or termination, the ninety-day notice shall not be required.Laws, 1975, ch. 362, § 2, eff. 7/1/1975.Amended by Laws, 2018, ch. 394, SB 2805,§ 6, eff. 7/1/2018.