Cal. Corporations Code § 31202 : Securities — California Corporations Code — Franchise Investment Law — Fraudulent Practices — Untrue statement of material fact or willful omission Date: 14 Sep 2016 TEXT PDF Current through the 2016 Legislative Session It is unlawful for any person willfully to make any untrue statement of a material fact in any statement required to be disclosed in writing pursuant to Section 31101, or willfully to omit to state in any such statement any material fact which is required to be stated therein. Ca. Corp. Code § 31202