Exempts the offer of sale of franchises from registration requirements

This bill exempts franchise offers from state registration requirements when the franchisee is located in another state and will not operate the franchise within the state. The change applies to franchisors selling franchises to out-of-state buyers, provided they still comply with all federal and other state regulations. By removing the registration mandate for these specific cross-state transactions, the bill aims to reduce administrative burdens on franchisors while maintaining compliance with broader legal standards. The law will take effect 90 days after it is enacted.