§ 310.100.3. Exemption for Internet Offers.
10 CA ADC § 310.100.3Barclays Official California Code of Regulations
10 CCR § 310.100.3
§ 310.100.3. Exemption for Internet Offers.
(a) There is hereby exempted from the provisions of Section 31110 of the Code as not being comprehended within the purposes of the Franchise Investment Law and the registration of which is not necessary or appropriate in the public interest or for the protection of investors, any communication made through the Internet, World Wide Web, or any other similar proprietary or common carrier electronic delivery system, of an offer to sell a franchise (“Internet Offer”), provided:
(3) No franchises are sold in California by or on behalf of the franchisor until the offering has been registered under the Franchise Investment Law and declared effective, and the Uniform Franchise Offering Circular (UFOC) has been delivered to the offeree before the sale and in compliance with the Franchise Investment Law.
Credits
Note: Authority cited: Section 31100, Corporations Code. Reference: Section 31013, Corporations Code.
History
1. New section filed 1-25-2001; operative 1-25-2001 pursuant to Government Code section 11343.4(c) (Register 2001, No. 4).
This database is current through 5/10/24 Register 2024, No. 19.
Cal. Admin. Code tit. 10, § 310.100.3, 10 CA ADC § 310.100.3
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