Periodic financial statements

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Each franchisee shall file quarterly with the Commission a statement of gross quarterly subscriber receipts for official use only, together with any franchise fee payment which may be due pursuant to section 311 of this chapter. In addition, each such franchisee shall file with the Commission an annual statement of gross subscriber receipts. Such statements shall be sworn to by a certified public accountant and by the owner or, if the owner is a corporation, by an officer of the corporation.


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