Home/California/Statutes/Code CORP: Corporations Code - CORP/Div.: 5./Title 4.: DIVISION 5. FRANCHISE INVESTMENT LAW/Part 2.: PART 2. REGULATION OF THE SALE OF FRANCHISES/Ch. 3.: CHAPTER 3. General Provisions/§ 31154.
California Statutes

§ 31154. — 31154. (Added by Stats. 1970, Ch. 1400.)

California § 31154.
JurisdictionCalifornia
Code CORPCorporations Code - CORP
Div.5.
Title 4.DIVISION 5. FRANCHISE INVESTMENT LAW
Part 2.PART 2. REGULATION OF THE SALE OF FRANCHISES
Ch. 3.CHAPTER 3. General Provisions

This text of California § 31154. (31154. (Added by Stats. 1970, Ch. 1400.)) is published on Counsel Stack Legal Research, covering California primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
Cal. Corporations Code - CORP Code § 31154. (2026).

Text

(a)Neither (1) the fact that an application for registration under this law has been filed, nor (2) the fact that such registration has become effective constitutes a finding by the commissioner that any document filed under this law is true, complete or not misleading. Neither any such fact nor the fact that an exemption is available for a transaction means that the commissioner has passed in any way upon the merits or qualifications of, or recommended or given approval to, any person, franchise or transaction.
(b)It is unlawful to make or cause to be made to any prospective purchaser or offeree any representation inconsistent with subdivision (a) of this section.

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Legislative History

Added by Stats. 1970, Ch. 1400.
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Bluebook (online)
California § 31154., Counsel Stack Legal Research, https://law.counselstack.com/statute/ca/CORP/31154..