California Corporations Code

§ 31106

CORP § 31106 Effective Jan 1, 1997Div. 5 · Title 4 · Part 2 · Ch. 1

Statute text

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):

(a)Any of the following conditions apply:

(1)One or more of the owners of the prospective franchisee owning at least a 50 percent interest in the prospective franchisee meet both of the following:

…

Legislative history

Added by Stats. 1996, Ch. 477, Sec. 5. Effective January 1, 1997.