California Corporations Code

§ 31126

CORP § 31126 Effective Jan 1, 2023Div. 5 · Title 4 · Part 2 · Ch. 2

Statute text

(a)A prospective franchisee seeking to buy an existing franchise, all or substantially all of the assets of an existing franchise business, or an interest in an existing franchise business shall do all of the following when applying with the franchisor to buy that franchise, those assets, or that interest:

(1)Provide their name and address to the franchisor.

(2)Provide to the franchisor a copy of all agreements related to the sale, assignment, or transfer of the franchise, the assets of the franchise business, or the interest in the franchise business.

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Legislative history

Added by Stats. 2022, Ch. 728, Sec. 8. (AB 676) Effective January 1, 2023.