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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 2. Prohibited Practices 31210-31212

§ 31210

California Corporations Code · 2026-10 edition · updated 2026-10-04 · California

It is unlawful for any person to effect or attempt to effect a sale of a franchise in this state, except in transactions exempted under Chapter 1 (commencing with Section 31100) of Part 2 of this division, unless that person is any of the following:

(a) Identified in Item 2 of a franchise disclosure document submitted with an application or amended application filed with the commissioner pursuant to Part 2 (commencing with Section 31100) of this division.

(b) Licensed by the Department of Real Estate as a real estate broker or real estate salesperson.

(c) Licensed by the commissioner as a broker-dealer or agent pursuant to the Corporate Securities Law of 1968.

(d) Registered as a franchise broker pursuant to Part 7 (commencing with Section 31520).

(Amended by Stats. 2024, Ch. 518, Sec. 2. (SB 919) Effective January 1, 2025.)

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California Corporations Code

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