Added by Stats. 1980, Ch. 698, Sec. 2.
Notwithstanding the terms of any franchise, the franchisor may not prohibit or prevent the sale, transfer, or assignment of the franchise to a corporation if both of the following conditions are satisfied:
(a)The franchisee has a controlling interest in the corporation.
(b)The franchisee offers in writing to personally guarantee the corporation’s performance of its obligations under the franchise.
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