2006 Franchise Opinions
The Business Law Section is compiling the complete Interpretive Opinions concerning franchise issues from the State of California Department of Corporations.
Here is the archive for 2006. The archive for this year is complete.
- Opinion No. 06 / 1F - January 12, 2006
Summary: The minimum net worth requirements of Section 31101(a) and the related disclosure of financial statements and a guarantee did not apply as conditions of exemption under Section 31104, which provides petroleum corporations or distributors an exemption from registration requirements.
Key Words: 31101(a), 31104, 31101(c), AB 2135, AB 3463, petroleum, minimum net worth requirement, minimum net worth exemption