§ 708.910.Franchise Defined

Before this article lets a creditor reach a debtor's franchise, it defines exactly what that means. A franchise here is one granted by a public entity, think of a cable, utility, or transportation franchise granted by a city or state agency, along with everything that comes with it.

The definition specifically leaves out one thing: the franchise of being a corporation. That distinction matters because corporate franchise is sometimes used loosely to describe the legal existence of a corporation itself, which is not the kind of asset this article targets. Article 9 is aimed at franchises granted by government bodies, not at a debtor's corporate status.