Cal. CORP § 31210
This is the official text of Cal. CORP § 31210, part of California’s Corporations Code — governs the formation and operation of corporations, LLCs, and partnerships, and regulates securities.
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Official statutory text
It is unlawful for any person to effect or attempt to effect a sale of a franchise in this state, except in transactions exempted under Chapter 1 (commencing with Section 31100) of Part 2 of this division, unless that person is any of the following:
(a) Identified in Item 2 of a franchise disclosure document submitted with an application or amended application filed with the commissioner pursuant to Part 2 (commencing with Section 31100) of this division.
(b) Licensed by the Department of Real Estate as a real estate broker or real estate salesperson.
(c) Licensed by the commissioner as a broker-dealer or agent pursuant to the Corporate Securities Law of 1968.
(d) Registered as a franchise broker pursuant to Part 7 (commencing with Section 31520).
(a) Identified in Item 2 of a franchise disclosure document submitted with an application or amended application filed with the commissioner pursuant to Part 2 (commencing with Section 31100) of this division.
(b) Licensed by the Department of Real Estate as a real estate broker or real estate salesperson.
(c) Licensed by the commissioner as a broker-dealer or agent pursuant to the Corporate Securities Law of 1968.
(d) Registered as a franchise broker pursuant to Part 7 (commencing with Section 31520).
Status: in_force · Read it on the official government site
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