California Corporations Code

§ 31119

CORP § 31119 Effective Jan 1, 2014Div. 5 · Title 4 · Part 2 · Ch. 2

Statute text

(a)It is unlawful to sell any franchise in this state that is subject to registration under this law without first providing to the prospective franchisee, at least 14 days prior to the execution by the prospective franchisee of any binding franchise or other agreement, or at least 14 days prior to the receipt of any consideration, whichever occurs first, a copy of the franchise disclosure document, together with a copy of all proposed agreements relating to the sale of the franchise.

(b)Nothing in this division shall be construed to prevent a franchisor from providing copies of the franchise disclosure documents to prospective franchisees through electronic means pursuant to any requirements or conditions that may be imposed by rule or order of the commissioner.

Legislative history

Amended by Stats. 2013, Ch. 334, Sec. 5. (SB 537) Effective January 1, 2014.