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Senate Bill 0497


 

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Senate Bill 0497

ARCHIVE (2009)

Latest Information

 
DIGEST OF INTRODUCED BILL

Vehicle franchise practices. Requires an automobile manufacturer or distributor, as part of a franchise relationship, to make the following payments to an automobile dealer: (1) Not more than 60 days after the termination, cancellation, or nonrenewal of the franchise agreement, or the discontinuance of the line make, the value of certain items that are in the dealer's inventory or possession and whose titles are transferred to the manufacturer or distributor. (2) Upon the termination, cancellation, or nonrenewal of the franchise agreement, or the discontinuance of the line make, the rental value of the dealership facilities. Provides that a failure to make the payments is a deceptive franchise practice.
    Current Status:
     In Committee - first House
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