Any advertisement of a franchise should disclose fairly and accurately such relevant facts concerning the franchise, the terms and conditions thereof and the material rights and liabilities created thereunder as are necessary to make the advertisement not misleading. Normally, an advertisement should also comply with the following more specific standards:
"THESE FRANCHISES HAVE BEEN REGISTERED UNDER THE FRANCHISE INVESTMENT LAW OF THE STATE OF CALIFORNIA. SUCH REGISTRATION DOES NOT CONSTITUTE APPROVAL, RECOMMENDATION OR ENDORSEMENT BY THE COMMISSIONER OF BUSINESS OVERSIGHT NOR A FINDING BY THE COMMISSIONER THAT THE INFORMATION PROVIDED HEREIN IS TRUE, COMPLETE AND NOT MISLEADING."
Cal. Code Regs. Tit. 10, § 310.156.1
2. Amendment of subsection (b) filed 7-27-88; operative 8-26-88 (Register 88, No. 32).
3. Amendment of subsection (b) filed 4-6-94; operative 5-6-94 (Register 94, No. 14).
4. Change without regulatory effect amending subsection (c) and NOTE filed 8-13-2014 pursuant to section 100, title 1, California Code of Regulations (Register 2014, No. 33).
Note: Authority cited: Section 31502, Corporations Code. Reference: Sections 31111 and 31156, Corporations Code.
2. Amendment of subsection (b) filed 7-27-88; operative 8-26-88 (Register 88, No. 32).
3. Amendment of subsection (b) filed 4-6-94; operative 5-6-94 (Register 94, No. 14).
2. Amendment of subsection (b) filed 7-27-88; operative 8-26-88 (Register 88, No. 32).
3. Amendment of subsection (b) filed 4-6-94; operative 5-6-94 (Register 94, No. 14).
4. Change without regulatory effect amending subsection (c) and Note filed 8-13-2014 pursuant to section 100, title 1, California Code of Regulations (Register 2014, No. 33).
2. Amendment of subsection (b) filed 7-27-88; operative 8-26-88 (Register 88, No. 32).
3. Amendment of subsection (b) filed 4-6-94; operative 5-6-94 (Register 94, No. 14).
4. Change without regulatory effect amending subsection (c) and Note filed 8-13-2014 pursuant to section 100, title 1, California Code of Regulations (Register 2014, No. 33).