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80C.01.18
Statute ID:
5296
Statute Function ID:
20431
Franchises-Definitions-Fractional Franchise
In Effect
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Function Details
History
Text
Details are only available for Penalty and Charging Statutes.
Statute Number:
80C.01.18
Enactment Date:
Jan 1, 1859
Effective Date:
Jan 1, 1859
Expiration Date:
Repealed?:
No
Summary Text:
Franchises-Definitions-Fractional Franchise
Statute ID:
5296
Created:
Sep 1, 2006 by mnjis.legal.analyst@state.mn.us
Updated:
Sep 1, 2006 by mnjis.legal.analyst@state.mn.us
Last Update Action:
System
Legal Analyst Comment:
Summary Text:
Franchises-Definitions-Fractional Franchise
Link to MN Statute Text:
https://www.revisor.leg.state.mn.us/stats/80C/01.html
Legislative Session:
0 - NA
Session Law Text?:
No
Statute text last updated on:
Sep 1, 2006
"Fractional franchise" means any franchise relationship in which the franchisee or any of the principal officers or directors of the franchisee, have been in the type of business represented by the franchise relationship for more than two years and the parties anticipated, or should have anticipated, at the date of the agreement establishing the franchise relationship, that the sales arising from the relationship would represent no more than 20 percent of the dollar sales volume of the franchisee.
