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2003 SESSION
HB 1443 Sale or transfer of motor vehicle dealerships.
Introduced by: Vincent F. Callahan, Jr. | all patrons ... notes | add to my profiles | history
SUMMARY AS PASSED:
Sale or transfer of motor vehicle dealerships. Restricts, in the event of a proposed sale or transfer of a motor vehicle dealership, the conditions under which manufacturers and distributors have a right of first refusal by treating sale or transfer of a dealership to a limited liability company, corporation, or other entity controlled by a member or members of the family of one or more of the dealership's dealer owners.
SUMMARY AS INTRODUCED:
Sale or transfer of motor vehicle dealerships. Restricts, in the event of a proposed sale or transfer of a motor vehicle dealership, the conditions under which manufacturers and distributors have a right of first refusal by treating sale or transfer of a dealership to a limited liability company, corporation, or other entity controlled by a member or members of the family of one or more of the dealership's dealer owners.