Disclosure
Known as the Franchise Investment Law
The act spans §§ 31000–31528 (118 sections).
Applied in 2 court decisions — leading case Vylene Enterprises, Inc. v. Naugles, Inc. (In Re Vylene Enterprises, Inc.) (1989)
Most recently applied in 858 F. Supp. 979 - Traumann v. Southland Corp. (February 1994)
Amended by Stats. 1989, Ch. 1026, Sec. 4.
(a) The application for registration of an offer shall be filed with the commissioner upon the Uniform Franchise Registration Application, as identified, modified, and supplemented by rule of the commissioner.
(b) An authorization for the commissioner to examine the registrant’s financial records of the sale of the franchise pursuant to Section 7473 of the Government Code shall be filed with the application.
Official source: California Legislative Information. Reproduced from public-domain California statutes; confirm against the official source for the current text. Not legal advice.