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2014 SESSION
HB 1065 Virginia Petroleum Products Franchise Act; right of first refusal.
Introduced by: Timothy D. Hugo | all patrons ... notes | add to my profiles
SUMMARY AS PASSED HOUSE: (all summaries)
Virginia Petroleum Products Franchise Act; right of first refusal. Grants franchise service station dealers the first right of refusal to purchase their business when the station's franchisor attempts to sell the business. A franchisor that owns or leases as lessee a leased marketing premises is prohibited from selling, transferring, or assigning the franchisor's interest in the premises unless the franchisor has first either (i) made a bona fide offer to sell, transfer, or assign to the dealer the franchisor's interest in the premises, with certain exceptions, or (ii) offered to the dealer a right of first refusal of any bona fide offer acceptable to the franchisor made by another person to acquire the franchisor's interest in the premises. The measure applies only to the sale, assignment, or transfer of a franchisor's interest in a leased marketing premises located only in Planning District 8, and does not apply to leased marketing premises owned or controlled by a jobber/distributor.
FULL TEXT
- 01/08/14 House: Presented and ordered printed 14101073D pdf
- 01/28/14 House: Printed as engrossed 14101073D-E pdf
- 02/24/14 House: Bill text as passed House and Senate (HB1065ER) pdf
- 03/07/14 Governor: Acts of Assembly Chapter text (CHAP0222) pdf
AMENDMENTS
HISTORY
- 01/08/14 House: Presented and ordered printed 14101073D
- 01/08/14 House: Referred to Committee on Commerce and Labor
- 01/23/14 House: Reported from Commerce and Labor with amendments (20-Y 0-N)
- 01/27/14 House: Read first time
- 01/28/14 House: Read second time
- 01/28/14 House: Committee amendments agreed to
- 01/28/14 House: Engrossed by House as amended HB1065E
- 01/28/14 House: Printed as engrossed 14101073D-E
- 01/29/14 House: Read third time and passed House BLOCK VOTE (99-Y 0-N)
- 01/29/14 House: VOTE: BLOCK VOTE PASSAGE (99-Y 0-N)
- 01/30/14 Senate: Constitutional reading dispensed
- 01/30/14 Senate: Referred to Committee on Commerce and Labor
- 02/17/14 Senate: Reported from Commerce and Labor (16-Y 0-N)
- 02/19/14 Senate: Constitutional reading dispensed (40-Y 0-N)
- 02/20/14 Senate: Read third time
- 02/20/14 Senate: Passed Senate (40-Y 0-N)
- 02/24/14 House: Enrolled
- 02/24/14 House: Bill text as passed House and Senate (HB1065ER)
- 02/24/14 House: Signed by Speaker
- 02/26/14 Senate: Signed by President
- 03/07/14 Governor: Approved by Governor-Chapter 222 (effective 7/1/14)
- 03/07/14 Governor: Acts of Assembly Chapter text (CHAP0222)