California Civil Code

§ 1812.201

CIV § 1812.201 Effective Jan 1, 2023Div. 3 · Title 2.7 · Part 4

Statute text

For the purposes of this title, the following definitions shall apply:

(a)“Seller assisted marketing plan” means any sale or lease or offer to sell or lease any product, equipment, supplies, or services that requires a total initial payment exceeding five hundred dollars ($500), but requires an initial cash payment of less than fifty thousand dollars ($50,000), that will aid a purchaser or will be used by or on behalf of the purchaser in connection with or incidental to beginning, maintaining, or operating a business when the seller assisted marketing plan seller has advertised or in any other manner solicited the purchase or lease of the seller assisted marketing plan and done any of the following acts:

(1)Represented that the purchaser will earn, is likely to earn, or can earn an amount in excess of the initial payment paid by the purchaser for participation in the seller assisted marketing plan.

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Legislative history

Amended by Stats. 2022, Ch. 452, Sec. 26. (SB 1498) Effective January 1, 2023.