How is Deka Lash satisfying the financial assurance required by the Maryland Securities Commissioner?

According to the 2024 Deka Lash Franchise Disclosure Document, the Maryland Securities Commissioner has required Deka Lash to provide financial assurance due to the company's financial condition. Deka Lash is satisfying this requirement by posting a surety bond, which they have filed with the Commissioner.

This requirement and its fulfillment are specifically outlined in both the Maryland Addendum to the Disclosure Document and the Maryland Addendum to the Franchise Agreement. These addenda clarify that the surety bond serves as the financial assurance mandated by the Maryland Securities Commissioner.

For prospective Deka Lash franchisees in Maryland, this means that Deka Lash has taken steps to ensure it can meet its financial obligations. The surety bond provides a level of protection for franchisees, assuring that funds are available to cover potential liabilities or obligations Deka Lash may have to its franchisees in Maryland. Franchisees should review the specific terms of the surety bond and consult with legal counsel to fully understand their rights and protections under Maryland franchise law.