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TITLE 4. SECURITIES 25000-31516›DIVISION 5. FRANCHISE INVESTMENT LAW 31000-31516›PART 3. FRAUDULENT AND PROHIBITED PRACTICES 31200-31220›CHAPTER 1. Fraudulent Practices 31200-31204

§ 31201

California Corporations Code · 2018-11 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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California Corporations Code

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