Cal. Code Regs. tit. 10 § 310.156.2

Current through Register 2024 Notice Reg. No. 50, December 13, 2024

Section 310.156.2 - Non Filing of Certain Advertisements

The term "advertisement" as used in Section 31156 of the Code does not include, and there need not be filed with the Commissioner any notice, circular or other communication which is published or transmitted only after a registration of the franchise is in effect and which contains only the statements required or permitted to be included therein by the following provisions of this rule:

(a) Such communications may include any one or more of the following items of information, which need not follow the numerical sequence of this paragraph:

1. the name of the franchiser;

2. a brief description of the type of franchise being offered;

3. a brief description of the type of business to be conducted by the franchisee;

4. the total dollar investment (which must include all obligations) required to be made on a franchise purchase, or if the amount of such investment varies, the method of its determination or the probable price range;

5. the city and/or state in which franchises are being offered;

6. the name and address of the sender of the communication.

(b) Every communication used pursuant to this rule shall contain the following:

1. A statement in bold type of not less than 10-point type that:

"THESE FRANCHISES HAVE BEEN REGISTERED UNDER THE FRANCHISE INVESTMENT LAW OF THE STATE OF CALIFORNIA. SUCH REGISTRATION DOES NOT CONSTITUTE APPROVAL, RECOMMENDATION OR ENDORSEMENT BY THE COMMISSIONER OF BUSINESS OVERSIGHT NOR A FINDING BY THE COMMISSIONER THAT THE INFORMATION PROVIDED HEREIN IS TRUE, COMPLETE AND NOT MISLEADING."

2. The name and address of a person or persons from whom an offering prospectus may be obtained.

Cal. Code Regs. Tit. 10, § 310.156.2

1. Change without regulatory effect amending subsection (b)1. and adding NOTE filed 8-13-2014 pursuant to section 100, title 1, California Code of Regulations (Register 2014, No. 33).

Note: Authority cited: Section 31502, Corporations Code. Reference: Sections 31111 and 31156, Corporations Code.

1. Change without regulatory effect amending subsection (b)1. and adding Note filed 8-13-2014 pursuant to section 100, title 1, California Code of Regulations (Register 2014, No. 33).