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Code · Wisconsin · Chapter 553 — Wisconsin franchise investment law

553.24 Exemption proceedings.

135 words·~1 min read·/wi/chapter-553/553-24

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553.24 Exemption proceedings.
(1)The division may by order deny or revoke any exemption under s. 553.23 , 553.235 or 553.25 with respect to the sale of a franchise for any of the grounds specified in s. 553.28
(1).
(2)If the public interest and the protection of investors so require, the division may, by order, summarily deny or revoke any exemption under s. 553.23 , 553.235 or 553.25 with respect to the sale of a franchise.
(3)No order under this section may operate retroactively.
(4)A person who sells a franchise pursuant to an exemption under s. 553.23 , 553.235 or 553.25 after the exemption is denied or revoked by an order of the division does not violate s. 553.21 if:
(a)The person was not given notice of the order; and
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