{"code":"CORP","codeName":"Corporations Code","section":"31201","citation":"Corp. Code, § 31201","status":"in-force","lawOn":"2026-09-28","headings":[{"name":"TITLE 4. SECURITIES [25000. - 31528.]","url":"https://blackletter.si/corporations-code/title-4"},{"name":"DIVISION 5. FRANCHISE INVESTMENT LAW [31000. - 31528.]","url":"https://blackletter.si/corporations-code/title-4/division-5"},{"name":"PART 3. FRAUDULENT AND PROHIBITED PRACTICES [31200. - 31221.]","url":"https://blackletter.si/corporations-code/title-4/division-5/part-3"},{"name":"CHAPTER 1. Fraudulent Practices [31200. - 31204.]","url":"https://blackletter.si/corporations-code/title-4/division-5/part-3/chapter-1"}],"history":"Added by Stats. 1970, Ch. 1400.","effective":null,"html":"<p>It is unlawful for any person to offer or sell a franchise in this state by means of any written or oral communication not enumerated in Section <a href=\"/corp/31200\">31200</a> which includes an untrue statement of a material fact or omits to state a material fact necessary in order to make the statements made, in the light of the circumstances under which they were made, not misleading.</p>","text":"It is unlawful for any person to offer or sell a franchise in this state by means of any written or oral communication not enumerated in Section 31200 which includes an untrue statement of a material fact or omits to state a material fact necessary in order to make the statements made, in the light of the circumstances under which they were made, not misleading.","otherVersions":[],"url":"https://blackletter.si/corporations-code/fraudulent-practices-31201","source":"California Legislative Information bulk export (pubinfo)"}