It is unlawful for any person willfully to make any untrue statement of a material fact in any statement required to be disclosed in writing pursuant to Section 31101, or willfully to omit to state in any such statement any material fact which is required to be stated therein.
Cal. Corp. Code § 31202
Fraudulent Practices
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.