It is unlawful for any person willfully to make any untrue statement of a material fact in any application, notice or report filed with the commissioner under this law, or willfully to omit to state in any such application, notice, or report any material fact which is required to be stated therein, or fail to notify the commissioner of any material change as required by Section 31123.
Cal. Corp. Code § 31200
Fraudulent Practices
Known as the Franchise Investment Law
The act spans §§ 31000–31528 (118 sections).
Applied in 4 court decisions — leading case Gc and Kb Investments Inc v. Wilson (2003)
Most recently applied in 637 F. Supp. 2d 712 - Samica Enterprises, LLC v. Mail Boxes Etc. USA, Inc. (December 2008)
Added by Stats. 1970, Ch. 1400.
How often courts cite this section
Court decisions citing this, by year. The dip in the last several years is a data-coverage gap, not a real trend — our corpus holds fewer opinions from the most recent years, so recent citations are undercounted.
Official source: California Legislative Information. Reproduced from public-domain California statutes; confirm against the official source for the current text. Not legal advice.