Section 31525 - [Effective 1/1/2025] Offer or sale of franchise(a) It is unlawful for a franchise broker to offer or sell a franchise in this state unless the franchise broker is registered pursuant to this part.(b) For purposes of this section, an offer or sale of a franchise is made in this state if any of the following apply: (1) The prospective franchisee resides in this state.(2) The prospective franchisee has its principal place of business in this state.(3) The franchised business will be located in this state.Added by Stats 2024 ch 518 (SB 919),s 5, eff. 1/1/2025.