California Codes

Cal. Corporations Code § 31123 (2026)

Disclosure

✓ leginfo export of Sept. 26, 2026 (applied Oct. 1, 2026)
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A franchisor shall promptly notify the commissioner in writing, by an application to amend the registration, of any material change in the information contained in the application as originally submitted, amended or renewed. The commissioner may by rule further define what shall be considered a material change for such purposes, and the circumstances under which a revised offering prospectus must accompany such application.

Notes of Decisions
Cited in 1 case, 2020–2020 · leading case: Handel's Enter., Inc. v. Schulenburg, 431 F. Supp. 3d 946 (N.D. Ohio 2020).
Handel's Enter., Inc. v. Schulenburg, 431 F. Supp. 3d 946 (N.D. Ohio 2020). “” Cal. Corp. Code § 31123 . Relatedly, CFIL § 31107 provides an exemption from the disclosure requirements for “any offer (but not the sale) by a franchisor of a franchise” made “while an application for renewal or amendment is pending” as long as the prospective franchisee…”
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