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2007 SESSION
HB 2786 Retail Franchising Act; requirement of SCC for franchise registration.
Introduced by: Johnny S. Joannou | all patrons ... notes | add to my profiles
SUMMARY AS PASSED HOUSE: (all summaries)
Retail Franchising Act. Authorizes the State Corporation Commission to require, as a condition of franchise registration, that the franchise fees and other funds paid by a franchisee to the franchisor be escrowed or deferred until the franchisor's preopening obligations are fulfilled, if the liabilities of the franchisor or any controlling person exceed the franchisor's assets. The Commission is required to prescribe procedures regarding exemptions. The measure also clarifies that it is not unlawful for a person to grant an unregistered franchise if the franchise is exempted from registration by the Commission by rule or order.
FULL TEXT
- 01/10/07 House: Prefiled and ordered printed; offered 01/10/07 070167352 pdf | impact statement
- 01/19/07 House: Committee substitute printed 070242352-H1 pdf | impact statement
- 02/21/07 House: Bill text as passed House and Senate (HB2786ER) pdf | impact statement
- 04/05/07 Governor: Acts of Assembly Chapter text (CHAP0668) pdf
HISTORY
- 01/10/07 House: Prefiled and ordered printed; offered 01/10/07 070167352
- 01/10/07 House: Referred to Committee on Commerce and Labor
- 01/18/07 House: Reported from Commerce and Labor with substitute (22-Y 0-N)
- 01/19/07 House: Committee substitute printed 070242352-H1
- 01/22/07 House: Read first time
- 01/23/07 House: Read second time
- 01/23/07 House: Committee substitute agreed to 070242352-H1
- 01/23/07 House: Engrossed by House - committee substitute HB2786H1
- 01/24/07 House: Read third time and passed House BLOCK VOTE (97-Y 0-N)
- 01/24/07 House: VOTE: BLOCK VOTE PASSAGE (97-Y 0-N)
- 01/24/07 House: Communicated to Senate
- 01/25/07 Senate: Constitutional reading dispensed
- 01/25/07 Senate: Referred to Committee on Commerce and Labor
- 02/12/07 Senate: Reported from Commerce and Labor (15-Y 0-N)
- 02/14/07 Senate: Constitutional reading dispensed (40-Y 0-N)
- 02/14/07 Senate: VOTE: (40-Y 0-N)
- 02/14/07 Senate: Passed by for the day
- 02/14/07 Senate: Reconsideration of Passed by for the day agreed to (40-Y 0-N)
- 02/14/07 Senate: VOTE: (40-Y 0-N)
- 02/14/07 Senate: Passed by for the day
- 02/15/07 Senate: Read third time
- 02/15/07 Senate: Passed Senate (38-Y 0-N)
- 02/15/07 Senate: VOTE: (38-Y 0-N)
- 02/21/07 House: Enrolled
- 02/21/07 House: Bill text as passed House and Senate (HB2786ER)
- 02/22/07 House: Signed by Speaker
- 02/23/07 Senate: Signed by President
- 03/20/07 Governor: Approved by Governor-Chapter 668 (effective 7/1/07)
- 04/05/07 Governor: Acts of Assembly Chapter text (CHAP0668)