Code Section

Corporations Code - CORP

TITLE 4. SECURITIES [25000 - 31516]

  ( Title 4 added by Stats. 1949, Ch. 384. )
  

DIVISION 5. FRANCHISE INVESTMENT LAW [31000 - 31516]

  ( Division 5 added by Stats. 1970, Ch. 1400. )
  

PART 3. FRAUDULENT AND PROHIBITED PRACTICES [31200 - 31220]

  ( Part 3 added by Stats. 1970, Ch. 1400. )
  

CHAPTER 1. Fraudulent Practices [31200 - 31204]
  ( Chapter 1 added by Stats. 1970, Ch. 1400. )

  
31201.  

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.)