Franchise investments: offer and sale of registered franchises: registration exemption.
It was vetoed on Sep 22, 2016.
- Stage
- Vetoed
- Started in
- Assembly
- Sponsor
- 1
- Latest action
- Sep 22, 2016
What it does
The Franchise Investment Law generally regulates the offer and sale of franchises and provides for oversight of these transactions by the Commissioner of Business Oversight. The law prohibits, among other things, the offer or sale of a franchise that is not registered with the commissioner, unless exempted from this registration requirement. The law exempts from this registration requirement the offer and sale of a franchise on terms that are different from the terms of a registered offer, if certain conditions are met. Those conditions include, among others, that a prospective franchisee receives information regarding terms the franchisor negotiated during the previous 12 months, as…
Where it stands
This bill failed and is no longer moving.
Introduced (Done)
Committee (Done)
Floor (Done)
Law (Needs attention)
What moved
Who is involved
Sponsors
The lawmakers who put their names on it, lead sponsors first.
In the news
Reporting that may mention this subject. Possible matches are labeled.
Loading coverage…
Where it goes next
Once a bill is decided, the questions are about what is done with it in California.