Cal. Codes » Corporations Code / TITLE 4. SECURITIES / DIVISION 5. FRANCHISE INVESTMENT LAW / PART 2. REGULATION OF THE SALE OF FRANCHISES / CHAPTER 2. Disclosure
California Codes

Cal. Corporations Code § 31114 (2026)

Disclosure

✓ leginfo export of Sept. 26, 2026 (applied Oct. 1, 2026)
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The application for registration shall be accompanied by a proposed franchise disclosure document, which shall contain the material information set forth in the application for registration, as specified by rule of the commissioner, and such additional disclosures as the commissioner may require. The franchise disclosure document shall recite in bold type of not less than 10-point type that registration does not constitute approval, recommendation, or endorsement by the commissioner.

Notes of Decisions
Cited in 3 cases, 2008–2019 · leading case: Samica Enter., LLC v. Mail Boxes Etc. USA, Inc., 637 F. Supp. 2d 712 (C.D. Cal. 2008).
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Samica Enter., LLC v. Mail Boxes Etc. USA, Inc., 637 F. Supp. 2d 712 (C.D. Cal. 2008). “See Cal. Corp. Code § 31114 ("The application for registration shall be accompanied by a proposed offering circular.”
Juarez v. Jani-King of California, Inc., 273 F.R.D. 571 (N.D. Cal. 2011). “Cal. Corp.Code § 31114; Cal.Code. Regs. tit.”
Brian Nygaard v. Prop. Damage Appraisers, No. 18-15055 (9th Cir. Aug. 7, 2019). “In the instant case, the language was not provided to the parties in a pre-contract offering circular; rather, it was included in an addendum to the franchise agreement itself that was signed and executed on the same date as the franchise agreement.”
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