Restraint by manufacturer or distributor on sale or transfer of
interest by dealer or its officers, partners, or stockholders
Sec. 11. It is an unfair practice for a manufacturer or distributor
to prevent or require or attempt to prevent or require by contract or
otherwise, a dealer or an officer, a partner, or a stockholder of a
dealer to sell or transfer a part of the interest of any of them to any
other person or persons. A dealer, an officer, a partner, or a
stockholder may not sell, transfer, or assign the franchise or a right
under the franchise without the consent of the manufacturer or
distributor, which consent may not be unreasonably withheld.
As added by P.L.2-1991, SEC.11.
Last modified: May 27, 2006