CHAPTER 2. Disclosure [31110. - 31126.]
Chapter 2 added by Stats. 1970, Ch. 1400.
§§ 31110–31126 · 17 sections
- § 31110 On and after April 15, 1971, it shall be unlawful for any person to offer or sell any franchise in this state unless the offer of the franchise has been…
- § 31111 (a) The application for registration of an offer shall be filed with the commissioner upon the Uniform Franchise Registration Application, as identified,…
- § 31112 Any application or amendment under this law shall be signed and verified by the franchisor or by the subfranchisor. Such verification shall be in the same…
- § 31113 If the commissioner finds that it is necessary and appropriate for the protection of prospective franchisees or subfranchisors because the applicant has failed…
- § 31114 The application for registration shall be accompanied by a proposed franchise disclosure document, which shall contain the material information set forth in…
- § 31115 The commissioner may summarily issue a stop order denying the effectiveness of or suspending or revoking effectiveness of any registration if the commissioner…
- § 31116 (a) Except as provided in subdivision (b), if no stop order under Section 31115 is in effect under this law, registration of the offer of franchises…
- § 31117 Upon the entry of a stop order under Section 31115 the commissioner shall promptly notify the applicant that it has been entered and of the reasons therefor…
- § 31118 The commissioner may vacate or modify a stop order if he or she finds that the conditions which caused its entry have changed or that it is otherwise in the…
- § 31119 (a) It is unlawful to sell any franchise in this state that is subject to registration under this law without first providing to the prospective franchisee, at…
- § 31120 A franchise offering shall be deemed duly registered for a period of one year from the effective date of the registration, unless the commissioner by order or…
- § 31121 (a) The registration may be renewed for additional periods of one year each, unless the commissioner by rule or order specifies a different period, by…
- § 31122 The registration renewal statement shall be in the form and content prescribed by the commissioner, and shall be accompanied by a proposed offering prospectus.…
- § 31123 A franchisor shall promptly notify the commissioner in writing, by an application to amend the registration, of any material change in the information…
- § 31124 An amendment to an application filed after the effective date of the registration of the sale of franchises, if such amendment is approved by the commissioner,…
- § 31125 (a) An application for registration of a material modification of an existing franchise or of existing franchises shall be in a form and contain information as…
- § 31126 (a) A prospective franchisee seeking to buy an existing franchise, all or substantially all of the assets of an existing franchise business, or an interest in…