(1) A grantor shall permit a dealer who is an individual to change the dealer’s designation of a member of the dealer’s family to succeed to the dealer’s interest in the dealer’s business and dealership agreement.
(2) Upon the dealer’s death, incapacity or retirement, the grantor shall accept the transfer of the dealer’s interest in the dealer’s business and dealership agreement to the member of the family designated by the dealer.
(3) Subsection (2) of this section does not apply if the grantor notifies the designated family member that the grantor has reasonable grounds to object to the designated family member.
(4) As used in this section and ORS 650.370, “reasonable grounds to object” includes, but is not limited to, the designated family member’s conviction of a felony or a lack of creditworthiness, experience to operate the business or licenses or certificates necessary to operate the business.
(5) A designated family member’s right to succeed to the dealer’s interest in the dealer’s business and dealership agreement does not include the right to relocate the dealer’s business or change the terms of the dealership agreement. [2003 c.377 §9]
Section: Previous 650.310 650.320 650.330 650.340 650.350 650.360 650.370 650.380 650.390 650.400 650.410 650.420 650.430 650.440 650.450 NextLast modified: August 7, 2008