Qualification of designated family member to succeed franchise
Sec. 4. To qualify to succeed the franchisee under the existing
franchise, a designated family member must do all of the following:
(1) Within one hundred twenty (120) days after the franchisee's
death or disability, give the manufacturer or distributor written
notice of the designated family member's intention to succeed
to the franchise.
(2) Agree to be bound by all terms and conditions of the
existing franchise.
(3) Meet the criteria generally applied at the time of the
franchisee's death or incapacity by the manufacturer or
distributor in qualifying new motor vehicle dealers as
franchisees.
(4) If requested by the manufacturer or distributor, supply
promptly personal and financial data that is reasonably
necessary for the manufacturer or distributor to determine if the
existing franchise should be honored.
As added by P.L.2-1991, SEC.11.
Last modified: May 27, 2006