California Corporations Code 31201 – It is unlawful for any person to offer or sell a franchise in this …
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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.)
Terms Used In California Corporations Code 31201
- Person: includes a corporation as well as a natural person. See California Corporations Code 18
- State: means the State of California, unless applied to the different parts of the United States. See California Education Code 77