Any materially false or misleading statement or representation made knowingly by a grantee in any report required under a franchise awarded hereunder shall be deemed a material breach of a franchise awarded hereunder and shall subject a grantee to all remedies, legal or equitable, which are available to the grantor under a franchise awarded hereunder or otherwise.
(2011 Code, § 14.04.140) Penalty, see § 114.999