California Corporations Code

§ 31102

CORP § 31102Div. 5 · Title 4 · Part 2 · Ch. 1

Statute text

The offer or sale of a franchise by a franchisee for his own account or the offer or sale of the entire area franchise owned by a subfranchisor for his own account, is exempted from the provisions of Section 31110 if the sale is not effected by or through a franchisor. A sale is not effected by or through a franchisor merely because a franchisor has a right to approve or disapprove a different franchisee.

Legislative history

Added by Stats. 1970, Ch. 1400.