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HomeCorporations CodeCh. 2§ 31124 Post-Registration Amendment Effective Date

§ 31124 Post-Registration Amendment Effective Date

Corporations Code·California
AI Summary·Official Text·Key Terms·Related Statutes·References
AI SummaryVerified

§ 31124 Post-Registration Amendment Effective Date

Key Takeaways

  • •If a company wants to change its franchise application after it's already approved, it needs to ask the commissioner for permission.
  • •The commissioner decides if the change is okay and when it starts.
  • •The commissioner makes sure the change is good for the public and protects people who own franchises.

Example

A fast-food chain wants to change how much money franchise owners must pay them every month.

The fast-food chain must ask the commissioner for permission to make this change. The commissioner will check if the new amount is fair for the franchise owners and good for the public before saying yes or no.

AI-generated — May contain errors. Not legal advice. Always verify source.

Official Source
View on CA.gov

§ 31124 Post-Registration Amendment Effective Date

An amendment to an application filed after the effective date of the registration of the sale of franchises, if such amendment is approved by the commissioner, shall become effective on such date as the commissioner may determine, having due regard for the public interest and the protection of franchisees. (Added by Stats. 1970, Ch. 1400.)

Last verified: January 23, 2026

Key Terms

amendmenteffective datecommissionerpublic interestprotection of franchisees

Related Statutes

  • § 25114 Qualification Validity Period
  • § 25213 Broker-Dealer Discipline Authority
  • § 25218 Broker-Dealer Transaction Rules
  • § 25219 Commissioner Trading Suspension Authority
  • § 31118 Vacating Or Modifying Stop Orders

References

  • Official text at leginfo.legislature.ca.gov
  • California Legislature. Corporations Code. Section 31124.
View Official Source