There is a newer version of the California Code
2009 California Business and Professions Code - Section 20035-20037 :: Article 6. Offers To Repurchase Inventory
BUSINESS AND PROFESSIONS CODESECTION 20035-20037
20035. In the event a franchisor terminates or fails to renew a franchise other than in accordance with the provisions of this chapter, the franchisor shall offer to repurchase from the franchisee the franchisee's resalable current inventory meeting the franchisor' s present standards that is required by the franchise agreement or commercial practice and held for use or sale in the franchised business at the lower of the fair wholesale market value or the price paid by the franchisee. The franchisor shall not be liable for offering to purchase personalized items which have no value to the franchisor in the business which it franchises. 20036. The franchisor may offset against any repurchase offer made pursuant to Section 20035 any sums owed the franchisor or its subsidiaries by the franchisee pursuant to the franchise or any ancillary agreement. 20037. Except as expressly provided herein, nothing in this article shall abrogate the right of a franchisee to sue under any other law.
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