Every franchisor or subfranchisor offering franchises for sale in this state shall at all times keep and maintain a complete set of books, records, and accounts of such sales.
Cal. Corp. Code § 31150
General Provisions
Known as the Franchise Investment Law
The act spans §§ 31000–31528 (118 sections).
Added by Stats. 1970, Ch. 1400.
Official source: California Legislative Information. Reproduced from public-domain California statutes; confirm against the official source for the current text. Not legal advice.