Earlier editions: 2020-112018-11
TITLE 4. SECURITIES 25000-31528›DIVISION 5. FRANCHISE INVESTMENT LAW 31000-31528›PART 3. FRAUDULENT AND PROHIBITED PRACTICES 31200-31221›CHAPTER 1. Fraudulent Practices 31200-31204
§ 31201
California Corporations Code · 2026-10 edition · updated 2026-10-04 · California
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.
(Added by Stats. 1970, Ch. 1400.)
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