Section 445.301. Imposition of escrow.

If  the  department  finds  that   the  applicant   failed  to demonstrate that adequate financial arrangements were made to fulfill obligations to provide real estate, improvements, equipment, inventory, training, or other items included in an offering,   the  administrator   may impose, as a condition to registration or exemption, an escrow of not more than 100% of the franchise fees and other funds paid by the franchisee  or subfranchisor until these obligations are fulfilled.

History: 1979 AC.