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HomeCorporations CodeCh. 3§ 31151 Expert Opinions In Franchises

§ 31151 Expert Opinions In Franchises

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

§ 31151 Expert Opinions In Franchises

Key Takeaways

  • •The boss can listen to experts hired by people who want to sell special business rights (franchises).
  • •The boss can also hire their own experts to check if the franchise is a good deal.
  • •The experts help the boss decide if the franchise should be allowed.

Example

Imagine you want to open a new fast-food restaurant and need the government's okay.

You can hire an expert to say your restaurant is a good idea. The government can also hire their own expert to check if you're right. They’ll use this info to decide if you can open your restaurant.

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

Official Source
View on CA.gov

§ 31151 Expert Opinions In Franchises

The commissioner may accept and act upon the opinions, appraisements and reports of any engineers, appraisers, or other experts which may be presented by an applicant or any interested party, on any question of fact concerning or affecting the franchises proposed to be offered and sold. In lieu of, or in addition to, such opinions, appraisements, and reports, the commissioner may have any or all matters concerning or affecting such franchises investigated, appraised, passed upon and certified to him by engineers, appraisers or other experts selected by him. (Added by Stats. 1970, Ch. 1400.)

Last verified: January 23, 2026

Key Terms

commissioneropinionsappraisementsreportsexpertsfranchises

Related Statutes

  • § 25150 Commissioner Expert Evidence Use
  • § 25121 Securities Qualification Permit
  • § 25232.1 Disciplinary Actions Against Financial Professiona
  • § 25232.3 Investment Adviser Certificate Revocation
  • § 25233 Order Notice And Hearing Rights

References

  • Official text at leginfo.legislature.ca.gov
  • California Legislature. Corporations Code. Section 31151.
View Official Source