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Corporations Code - CORP - CORP § 31020
Corporations Code - CORP - CORP § 31020
(a) “Franchise broker” means a person who directly or indirectly engages in the business of the offer or sale of a franchise, regardless of the title used by the person or any organization with which they are affiliated, and receives or is promised a fee, commission, or other for
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Corporations Code - CORP - CORP § 311
Corporations Code - CORP - CORP § 311
The board may, by resolution adopted by a majority of the authorized number of directors, designate one or more committees, each consisting of two or more directors, to serve at the pleasure of the board. The board may designate one or more directors as alternate members of any c
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Corporations Code - CORP - CORP § 31100
Corporations Code - CORP - CORP § 31100
There shall be exempted from any or all of the provisions of Chapter 2 (commencing with Section 31110) any other transaction which the commissioner by rule exempts as not being comprehended within the purposes of this law and the registration of which the commissioner finds is no
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Corporations Code - CORP - CORP § 31101
Corporations Code - CORP - CORP § 31101
There shall be exempted from the provisions of Chapter 2 (commencing with Section 31110) of this part the offer and sale of a franchise if the franchisor complies with each of the following minimum net worth, experience, disclosure, and notice filing requirements: (a) Net worth.
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Corporations Code - CORP - CORP § 31102
Corporations Code - CORP - CORP § 31102
The offer or sale of a franchise by a franchisee for his own account or the offer or sale of the entire area franchise owned by a subfranchisor for his own account, is exempted from the provisions of Section 31110 if the sale is not effected by or through a franchisor. A sale is
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Corporations Code - CORP - CORP § 31103
Corporations Code - CORP - CORP § 31103
This division shall not be applicable to any transaction relating to a bank credit card plan. “Bank credit card plan” means a credit card plan in which the issuers of credit cards, as defined in subdivision (a) of Section 1747.02 of the Civil Code are only: banks regulated by or
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Corporations Code - CORP - CORP § 31104
Corporations Code - CORP - CORP § 31104
There shall be exempted from the provisions of Chapter 2 (commencing with Section 31110) of this part the offer and sale of a franchise if the franchisor: (a) Is a petroleum corporation or distributor who is a wholesale distributor or marketer of petroleum products; doing busines
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Corporations Code - CORP - CORP § 31105
Corporations Code - CORP - CORP § 31105
Any offer, sale, or other transfer of a franchise, or any interest in a franchise, to a resident of another state or any territory or foreign country, shall be exempted from the provisions of Chapter 2 (commencing with Section 31110) of this part, if all locations from which sale
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Corporations Code - CORP - CORP § 31106
Corporations Code - CORP - CORP § 31106
There shall be exempted from the provisions of Chapter 2 (commencing with Section 31110) of this part, any offer, sale, or other transfer of a franchise or any interest in a franchise, provided that the offer, sale or transfer meets the requirements in subdivisions (a) and (b): (
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Corporations Code - CORP - CORP § 31107
Corporations Code - CORP - CORP § 31107
There shall be exempted from the provisions of Chapter 2 (commencing with Section 31110) of this part, any offer (but not the sale) by a franchisor of a franchise while an application for renewal or amendment is pending if the prospective franchisee receives all of the following:
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Corporations Code - CORP - CORP § 31108
Corporations Code - CORP - CORP § 31108
There shall be exempted from the provisions of Chapter 2 (commencing with Section 31110), any offer or sale of a franchise if the franchise involves the adding of a new product or service line to the existing business of a prospective franchisee, provided all of the following req
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Corporations Code - CORP - CORP § 31109
Corporations Code - CORP - CORP § 31109
Any offer or sale of a franchise that meets all of the following requirements shall be exempt from Chapter 2 (commencing with Section 31110): (a) Each and every purchaser of the franchise is one of the following: (1) Any partner, executive officer, or director of the franchisor,
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Corporations Code - CORP - CORP § 31109.1
Corporations Code - CORP - CORP § 31109.1
(a) There shall be exempted from the provisions of Chapter 2 (commencing with Section 31110) the offer and sale of a franchise registered under Section 31111, 31121, or 31123 on terms different from the terms of the offer registered thereunder if all of the following requirements
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Corporations Code - CORP - CORP § 31110
Corporations Code - CORP - CORP § 31110
On and after April 15, 1971, it shall be unlawful for any person to offer or sell any franchise in this state unless the offer of the franchise has been registered under this part or exempted under Chapter 1 (commencing with Section 31100) of this part.
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Corporations Code - CORP - CORP § 31111
Corporations Code - CORP - CORP § 31111
(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
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Corporations Code - CORP - CORP § 31112
Corporations Code - CORP - CORP § 31112
Any application or amendment under this law shall be signed and verified by the franchisor or by the subfranchisor. Such verification shall be in the same manner provided in the Code of Civil Procedure for the verification of pleadings.
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Corporations Code - CORP - CORP § 31113
Corporations Code - CORP - CORP § 31113
If the commissioner finds that it is necessary and appropriate for the protection of prospective franchisees or subfranchisors because the applicant has failed to demonstrate that adequate financial arrangements have been made to fulfill the franchisor’s obligations to provide re
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Corporations Code - CORP - CORP § 31114
Corporations Code - CORP - CORP § 31114
The application for registration shall be accompanied by a proposed franchise disclosure document, which shall contain the material information set forth in the application for registration, as specified by rule of the commissioner, and such additional disclosures as the commissi
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Corporations Code - CORP - CORP § 31115
Corporations Code - CORP - CORP § 31115
The commissioner may summarily issue a stop order denying the effectiveness of or suspending or revoking effectiveness of any registration if the commissioner finds any of the following: (a) That there has been a failure to comply with any of the provisions of this law or the rul
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Corporations Code - CORP - CORP § 31116
Corporations Code - CORP - CORP § 31116
(a) Except as provided in subdivision (b), if no stop order under Section 31115 is in effect under this law, registration of the offer of franchises automatically becomes effective at 12 p.m., California time, of the 30th business day after the filing of a complete application fo
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Corporations Code - CORP - CORP § 31117
Corporations Code - CORP - CORP § 31117
Upon the entry of a stop order under Section 31115 the commissioner shall promptly notify the applicant that it has been entered and of the reasons therefor and that upon receipt of written request the matter will be set down for hearing to commence within 15 business days after
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Corporations Code - CORP - CORP § 31118
Corporations Code - CORP - CORP § 31118
The commissioner may vacate or modify a stop order if he or she finds that the conditions which caused its entry have changed or that it is otherwise in the public interest to do so.
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Corporations Code - CORP - CORP § 31119
Corporations Code - CORP - CORP § 31119
(a) It is unlawful to sell any franchise in this state that is subject to registration under this law without first providing to the prospective franchisee, at least 14 days prior to the execution by the prospective franchisee of any binding franchise or other agreement, or at le
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Corporations Code - CORP - CORP § 31120
Corporations Code - CORP - CORP § 31120
A franchise offering shall be deemed duly registered for a period of one year from the effective date of the registration, unless the commissioner by order or rule specifies a different period.
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Corporations Code - CORP - CORP § 31121
Corporations Code - CORP - CORP § 31121
(a) The registration may be renewed for additional periods of one year each, unless the commissioner by rule or order specifies a different period, by submitting to the commissioner a renewal application before the expiration of the registration. If no stop order or other order u