WILLIAM DONALD SCHAEFER, Governor Ch. 75 3

19-302.

A SUPPLIER MAY IMMEDIATELY TERMINATE A CONTRACT AT ANY TIME
AFTER:

(1)  THE FILING OF A PLEADING TO COMMENCE AN
ASSIGNMENT FOR THE BENEFIT OF CREDITORS PROCEEDING, OR
RECEIVERSHIP PROCEEDING AGAINST THE DEALER;

(2)  THE DEALER HAS MADE AN INTENTIONAL
MISREPRESENTATION WITH THE INTENT TO DEFRAUD THE SUPPLIER;

(3)  THE DEALER DEFAULTS UNDER A CHATTEL MORTGAGE OR
OTHER SECURITY AGREEMENT BETWEEN THE DEALER AND THE SUPPLIER;

(4)  THE CLOSING OR SALE OF A SUBSTANTIAL PART OF THE
DEALER'S BUSINESS RELATED TO THE HANDLING OF THE SUPPLIER'S
PRODUCT;

(5)  THE COMMENCEMENT OF PROCEDURES TO DISSOLVE OR
LIQUIDATE THE DEALER IF THE DEALER IS A PARTNERSHIP OR
CORPORATION;

(6)  A CHANGE, WITHOUT THE PRIOR WRITTEN APPROVAL OF
THE SUPPLIER, IN THE LOCATION OF THE DEALER'S PRINCIPAL PLACE OF
BUSINESS;

(7)  THE WITHDRAWAL OF AN INDIVIDUAL PROPRIETOR,
PARTNER, MAJOR SHAREHOLDER, OR MANAGER OF THE DEALERSHIP, OR A
SUBSTANTIAL REDUCTION IN INTEREST OF A PARTNER OR MAJOR
SHAREHOLDER, WITHOUT THE PRIOR WRITTEN CONSENT OF THE SUPPLIER;
OR

(8)  THE REVOCATION OR DISCONTINUANCE OF ANY GUARANTEE
OF THE DEALER'S PRESENT OR FUTURE OBLIGATIONS TO THE SUPPLIER.

19-303.

NOTWITHSTANDING ANY AGREEMENT TO THE CONTRARY, A DEALER WHO
PLANS TO TERMINATE A CONTRACT WITH A SUPPLIER SHALL NOTIFY THE
SUPPLIER, IN ACCORDANCE WITH § 19-305 OF THIS TITLE, OF THE
PLANNED TERMINATION NOT LESS THAN 6 MONTHS PRIOR TO THE EFFECTIVE
DATE OF THE TERMINATION.

19-304.

THE CONTRACT MAY BE TERMINATED BY THE MUTUAL WRITTEN CONSENT
OF THE PARTIES, ON ANY EFFECTIVE DATE MUTUALLY AGREED ON.

19-305.

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