{"data":{"id":"us-ca/corp-31201","jurisdiction":"us-ca","citation":"CORP § 31201","heading":"","body":"It is unlawful for any person to offer or sell a franchise in this state by means of any written or oral communication not enumerated in Section 31200 which includes an untrue statement of a material fact or omits to state a material fact necessary in order to make the statements made, in the light of the circumstances under which they were made, not misleading.","path":["Corporations Code - CORP","TITLE 4. SECURITIES [25000. - 31528.]","DIVISION 5. FRANCHISE INVESTMENT LAW [31000. - 31528.]","PART 3. FRAUDULENT AND PROHIBITED PRACTICES [31200. - 31221.]","CHAPTER 1. Fraudulent Practices [31200. - 31204.]"],"source_url":"https://downloads.leginfo.legislature.ca.gov/pubinfo_2025.zip","current_through":"2026-09-13","vintage":"","retrieved_at":"2026-09-14T05:56:33Z","sha256":"0cb4e4d29ed77d0babe32f4d48eb73ee38f8a7a1ddaac10b90f2c6dd5ab17dad","source_id":"us-ca","stale":false,"prev":"us-ca/corp-31200","next":"us-ca/corp-31202"},"notice":"GroundRules: Original legal text. Not legal advice."}