factual

Where is Budget's agent for service of process located in the State of New York?

Budget Franchise · 2025 FDD

Answer from 2025 FDD Document

Our agent for service of process in the State of New York is the Secretary of State of New York, 41 State Street, Albany, New York 11231, copies of which should be sent to us in accordance with Section 14.20 below.

Source: Item 23 — RECEIPTS (FDD pages 80–426)

What This Means (2025 FDD)

According to Budget's 2025 Franchise Disclosure Document, the agent for service of process in the State of New York is the Secretary of State of New York, located at 41 State Street, Albany, New York 11231. The FDD specifies that copies of any service of process should be sent to Budget in accordance with Section 14.20 of the agreement.

This designation means that if someone needs to legally serve Budget with a lawsuit or other legal notice in New York, they can do so by serving the Secretary of State at the specified address. The Secretary of State then has the responsibility to forward the documents to Budget. This ensures that Budget receives legal notices in a timely and proper manner, even if the company's primary business address is outside of New York.

For a prospective Budget franchisee in New York, this information is crucial because it clarifies the legal procedures for serving the company. It also highlights Budget's compliance with New York state laws regarding franchise operations. Franchisees should keep this information readily accessible in case they ever need to contact Budget for legal reasons or if they are involved in any legal disputes with the company.

Disclaimer: This information is extracted from the 2025 Franchise Disclosure Document and is provided for research purposes only. It does not constitute legal or financial advice. Consult with a franchise attorney before making any investment decisions.