1. Except as provided in section 47 -25-03, an individual or organization that is a franchisee may not register a licensed trade name under this chapter. If the licensed trade name is not registered as provided in this chapter, the franchisee may not use the trade name in this state until the franchisee has provided the following disclosure information to the secretary of state on a form prescribed by the secretary of state for that purpose: a. The true and full name and business address of the franchisee; b. The complete trade name licensed to the franchisee; c. The address of each place of business in this state where the franchisee will use or display the unregistered trade name; d. The name and address of the franchiser or other licensor of the trade name; and e. Any other information that the secretary of state may reasonably request to identify or contact the franchisee. The disclosure filing required under this subsection is subject to the same filing fee and renewal requirements as provided in section 47 -25-04 for trade name registrations. 2. A trade name licensed to a franchisee that is not registered under the provisions of this chapter is not entitled to any trade name protection provided by this chapter.
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