Corp. Code, § 31301 · Chapter 1. Civil Liability
Corp. Code, § 31301
Text — As published in the Legislative Counsel's database, tables dated October 18, 2026 (pubinfo_2025.zip)
Any person who violates Section 31201 shall be liable to any person (not knowing or having cause to believe that such statement was false or misleading) who, while relying upon such statement shall have purchased a franchise, for damages, unless the defendant proves that the plaintiff knew the facts concerning the untruth or omission or that the defendant exercised reasonable care and did not know, (or if he had exercised reasonable care would not have known) of the untruth or omission.
Notes and commentary — not statutory text
History
Added by Stats. 1970, Ch. 1400.
Source of truth
- Edition
- As published in the Legislative Counsel's database, tables dated October 18, 2026 (pubinfo_2025.zip)
- Official file
- https://leginfo.legislature.ca.gov/faces/codes_displaySection.xhtml?lawCode=CORP§ionNum=31301.
- Text hash
- sha256 7d201e86330dc3fa5922c1be65d3f3c834bad1c8a0e18f0fc9463315ff5a1df4
- Composed by
- compose_ca.py 2026-10-22: the Legislative Counsel's CAML content files read by a tokenizer (caml_readers.reader_a); an independent xml.etree reading (caml_readers.reader_b) agrees on every section
This section cites
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Corporations Code
Cited by 2 provisions
Provisions in this library whose text cites Corp. Code, § 31301. Each shows the citation as that text prints it.
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