statute | California
Business and Professions Code - BPC - BPC § 21149
Summary
Notwithstanding the terms of any franchise, the franchisor may not prohibit or prevent the sale, transfer, or assignment of the franchise to a corporation if both of the following conditions are satisfied: (a) The franchisee has a controlling interest in the corporation. (b) The
Text
Notwithstanding the terms of any franchise, the franchisor may not prohibit or prevent the sale, transfer, or assignment of the franchise to a corporation if both of the following conditions are satisfied: (a) The franchisee has a controlling interest in the corporation. (b) The franchisee offers in writing to personally guarantee the corporation’s performance of its obligations under the franchise.
Retrieval chunks
-
#1 | Business and Professions Code - BPC - BPC § 21149
Notwithstanding the terms of any franchise, the franchisor may not prohibit or prevent the sale, transfer, or assignment of the franchise to a corporation if both of the following conditions are satisfied: (a) The franchisee has a controlling interest in the corporation. (b) The franchisee offers in writing to per…