Retail Franchising Act; requirement of SCC for franchise registration. (HB2786)
Introduced By
Del. Johnny Joannou (D-Portsmouth)
Progress
✓ |
Introduced |
☐ |
Passed Committee |
✓ |
Passed House |
✓ |
Passed Senate |
✓ |
Signed by Governor |
☐ |
Became Law |
Description
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 liabilities. 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. Read the Bill »
Status
03/20/2007: signed by governor
History
Date | Action |
---|---|
01/10/2007 | Committee |
01/10/2007 | Prefiled and ordered printed; offered 01/10/07 070167352 |
01/10/2007 | Referred to Committee on Commerce and Labor |
01/19/2007 | Committee substitute printed 070242352-H1 |
01/22/2007 | Read first time |
01/22/2007 | Impact statement from SCC (HB2786) |
01/23/2007 | Read second time |
01/23/2007 | Committee substitute agreed to 070242352-H1 |
01/23/2007 | Engrossed by House - committee substitute HB2786H1 |
01/23/2007 | Impact statement from SCC (HB2786H1) |
01/24/2007 | Read third time and passed House BLOCK VOTE (97-Y 0-N) |
01/24/2007 | Communicated to Senate |
01/25/2007 | Constitutional reading dispensed |
01/25/2007 | Referred to Committee on Commerce and Labor |
02/14/2007 | Reconsideration of Pass By for the Day agreed to (40-Y 0-N) |
02/14/2007 | Constitutional reading dispensed (40-Y 0-N) |
02/14/2007 | Reconsideration of Passed by for the day agreed to (40-Y 0-N) |
02/14/2007 | VOTE: (40-Y 0-N) (see vote tally) |
02/14/2007 | Passed by for the day |
02/15/2007 | Read third time |
02/15/2007 | Passed Senate (38-Y 0-N) |
02/15/2007 | VOTE: (38-Y 0-N) (see vote tally) |
02/21/2007 | Enrolled |
02/21/2007 | Bill text as passed House and Senate (HB2786ER) |
02/22/2007 | Impact statement from SCC (HB2786ER) |
02/22/2007 | Signed by Speaker |
02/23/2007 | Signed by President |
03/20/2007 | G Approved by Governor-Chapter 668 (effective 7/1/07) |
04/05/2007 | G Acts of Assembly Chapter text (CHAP0668) |