Who is the North Dakota Securities Commissioner for Exit?
Exit Franchise · 2025 FDDAnswer from 2025 FDD Document
| State | State Administrator | Agent for Service of Process |
|---|---|---|
| North Dakota | North Dakota Securities Department | North Dakota Securities Commissioner State of North Dakota 600 East Blvd. Ave., Fifth Floor Bismarck, ND 58505 (701) 328-4712 |
Source: Item 23 — RECEIPT (FDD pages 42–235)
What This Means (2025 FDD)
According to Exit's 2025 Franchise Disclosure Document, the North Dakota Securities Commissioner also serves as the Agent for Service of Process for the state. The address for the North Dakota Securities Commissioner is State of North Dakota, 600 East Blvd. Ave., Fifth Floor Bismarck, ND 58505. The phone number is (701) 328-4712.
This information is crucial for Exit franchisees in North Dakota because it identifies the specific state authority responsible for overseeing securities matters related to the franchise. Should any legal or regulatory issues arise concerning the franchise agreement or securities compliance, the franchisee would need to contact the North Dakota Securities Commissioner at the provided address and phone number.
Having a clearly identified Agent for Service of Process ensures that there is a reliable point of contact for legal notifications and proceedings. This arrangement is typical in franchising, as it provides a transparent and legally recognized channel for communication between the franchisor, franchisees, and state regulatory bodies.