H.733 is a bill that amends the administrative provisions for business organizations in Vermont, specifically focusing on franchise relationships. The bill introduces a new section, 1654, which outlines the requirements for individuals or entities operating as franchisors or franchisees. It defines key terms such as "filing," "franchisee," and "franchisor," and mandates that those registering with the Secretary of State must indicate their status as a franchisor or franchisee during the filing process. Additionally, franchisees are required to provide the name of their franchisor at the time of registration.

The bill also establishes an effective date for these provisions, stating that they will take effect on January 1, 2027. This legislative change aims to enhance transparency and accountability in franchise operations within the state, ensuring that all parties involved in franchise relationships are properly registered and identified.

Statutes affected:
As Passed By the House -- Official: 11-15
As Passed By the House -- Unofficial: 11-15