A franchise offering is duly registered for a period to expire 110 days from the end of the applicant's fiscal year which follows the date of the application, unless the Commissioner by order specifies a different period.

Note: Authority cited and Reference: Sections 31120 and 31502, Corporations Code. Reference: Section 31120, Corporations Code.

History

1. New section filed 5-19-89; operative 6-18-89 (Register 89, No. 21). For prior history, see Registers 78, No. 12 and 71, No. 2).