§ 310.113.4. Release of Impounds.
10 CA ADC § 310.113.4Barclays Official California Code of Regulations
10 CCR § 310.113.4
§ 310.113.4. Release of Impounds.
The Commissioner will authorize the depositary to release to the franchiser such amounts of the impounded funds applicable to a specified franchisee (or subfranchisor) upon a showing that the franchiser has fulfilled its obligations under the franchise agreement, or that for other reasons the impound is no longer required for protection of franchisees.
Any request for an order of the Commissioner authorizing the release of impounds to the franchiser shall contain the following:
Credits
Note: Authority cited: Section 31502, Corporations Code. Reference: Section 31113, Corporations Code.
History
1. Amendment filed 10-28-82; effective thirtieth day thereafter (Register 82, No. 44).
This database is current through 5/10/24 Register 2024, No. 19.
Cal. Admin. Code tit. 10, § 310.113.4, 10 CA ADC § 310.113.4
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