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Session Laws, 1986
Volume 768, Page 1741   View pdf image
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HARRY HUGHES, Governor                                     1741

(B)  A DISTRIBUTOR, WHETHER DIRECTLY OR THROUGH AN AGENT,
EMPLOYEE, OR REPRESENTATIVE, MAY NOT PREVENT, BY CONTRACT OR
OTHERWISE, ANY OWNER, PARTNER, OR STOCKHOLDER OF ANY DEALERSHIP
FROM TRANSFERRING ANY OWNERSHIP INTEREST IN THE DEALERSHIP TO ANY
OTHER PERSON.

(C)  A FACTORY BRANCH, WHETHER DIRECTLY OR THROUGH AN AGENT,
EMPLOYEE, OR REPRESENTATIVE, MAY NOT PREVENT, BY CONTRACT OR
OTHERWISE, ANY OWNER, PARTNER, OR STOCKHOLDER OF ANY DEALERSHIP
FROM TRANSFERRING ANY OWNERSHIP INTEREST IN THE DEALERSHIP TO ANY
OTHER PERSON.

[(b)] (D) A dealer or an owner, partner, or stockholder of
a dealership may not sell, assign, or otherwise transfer a
franchise or any right under a franchise without the consent of
the manufacturer[, distributor, or factory branch].

(E)  However, the manufacturer[, distributor, or factory
branch] may not unreasonably withhold consent to the transfer of

a franchise UNDER SUBSECTION (D) OF THIS SECTION.

(F)  A DEALER OR AN OWNER, PARTNER, OR STOCKHOLDER OF A
DEALERSHIP MAY NOT SELL, ASSIGN, OR OTHERWISE TRANSFER A
FRANCHISE OR ANY RIGHT UNDER A FRANCHISE WITHOUT THE CONSENT OF

THE DISTRIBUTOR.

(G)  HOWEVER, THE DISTRIBUTOR MAY NOT UNREASONABLY WITHHOLD
CONSENT TO THE TRANSFER OF A FRANCHISE UNDER SUBSECTION (F) OF
THIS SECTION.

(H) A DEALER OR AN OWNER, PARTNER, OR STOCKHOLDER OF A
DEALERSHIP MAY NOT SELL, ASSIGN, OR OTHERWISE TRANSFER A
FRANCHISE OR ANY RIGHT UNDER A FRANCHISE WITHOUT THE CONSENT OF
THE FACTORY BRANCH.

(I) HOWEVER, THE FACTORY BRANCH MAY NOT UNREASONABLY
WITHHOLD CONSENT TO THE TRANSFER OF A FRANCHISE UNDER SUBSECTION
(H) OF THIS SECTION.

15-311.

(a)  A contract for the sale of a vehicle by a dealer shall
contain a clear statement of:

(1)  The principal amount charged for the vehicle;

(2)  Any interest charged on the principal amount; and

(3)  Any other charge made in connection with the sale
of the vehicle.

(b)  In addition to the information required by subsection
(a) of this section, a contract for the sale of a new vehicle
shall include:

+

 

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Session Laws, 1986
Volume 768, Page 1741   View pdf image
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