TITLE 4. SECURITIES 25000-31516›DIVISION 5. FRANCHISE INVESTMENT LAW 31000-31516›PART 3. FRAUDULENT AND PROHIBITED PRACTICES 31200-31220›CHAPTER 2. Prohibited Practices 31210-31211

§ 31210

California Corporations Code · 2020-11 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 such person is: (1) identified in an application or amended application filed with the commissioner pursuant to Part 2 (commencing with Section 31100) of this division, (2) licensed by the Bureau of Real Estate as a real estate broker or real estate salesperson, or (3) licensed by the commissioner as a broker-dealer or agent pursuant to the Corporate Securities Law of 1968.

(Amended by Stats. 2016, Ch. 177, Sec. 33. (AB 685) Effective January 1, 2017.)

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California Corporations Code

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