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MARVIN MANDEL, Governor
333
PROVISIONS OF THIS SECTION, WHETHER OR NOT EXPRESSLY SET
FORTH IN THE AGREEMENT.
REVISOR'S NOTE: This subsection presently appears as
the introductory language to Art. 23, §167E.
The only changes are in style.
(B) DEALER'S RIGHT TO CANCEL.
(1) UNTIL MIDNIGHT OF THE SEVENTH BUSINESS
DAY AFTER THE DAY A MARKETING AGREEMENT IS SIGNED OR
ENTERED INTO, THE DEALER MAY CANCEL IT BY GIVING WRITTEN
NOTICE OF CANCELLATION TO THE DISTRIBUTOR IN PERSON OR BY
REGISTERED OR CERTIFIED MAIL.
(2) WITHIN 10 DAYS AFTER DELIVERY OF THE
NOTICE OF CANCELLATION, THE DEALER SHALL RETURN TO THE
DISTRIBUTOR FULL POSSESSION OF ANY SERVICE STATION,
LOCATION, MONEY, EQUIPMENT, OR MERCHANDISE LOANED, SOLD,
OR DELIVERED UNDER THE MARKETING AGREEMENT TO THE DEALER
BY THE DISTRIBUTOR.
(3) THE DISTRIBUTOR SHALL GIVE THE DEALER
FULL CREDIT OR ITS CASH EQUIVALENT FOR ALL MONEY,
EQUIPMENT, AND MERCHANDISE RETURNED.
REVISOR'S NOTE: This subsection presently appears as
Art. 23, §167E(2).
In item (1) of this subsection, reference to
"registered" mail is added for purposes of
clarity and eaphasis. This is in accord with
Art. 1, §20 of the Code which generally
permits the use of either registered or
certified mail as alternates to each other.
Also, by amendment to item (1), the words "or
entered into" are added to "signed" since,
under §11—301, the term "marketing agreement"
includes an oral agreement.
Since, in some instances, a dealer already may
be the owner of his own service station, item
(2) has been revised to clarify the intent
that the required return of a service station,
as well as any money or other merchandise,
relates only to that which was loaned, sold,
or delivered under the agreement to the
dealer.
The only other changes are in style.
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