(1) A grantor may not sell a recreational vehicle to or through a dealer without having entered into a dealership agreement with the dealer.
(2) A grantor may not own, operate or control a dealership in this state.
(3) Notwithstanding subsection (2) of this section, a grantor may own, operate or control a dealership in this state if:
(a)(A) The ownership, operation or control does not exceed a period of one year or, if the grantor can show good cause, two years; and
(B) The dealership is for sale at a reasonable price and under reasonable terms and conditions;
(b) The grantor has entered into a bona fide agreement with a person who, under the dealership agreement:
(A) Must make a significant investment, subject to loss, in the dealership; and
(B) May reasonably expect to acquire the dealership in a reasonable time and under reasonable terms and conditions; or
(c) The grantor owned, operated or controlled the dealership on January 1, 2003. [2003 c.377 §15]
Section: Previous 650.340 650.350 650.360 650.370 650.380 650.390 650.400 650.410 650.420 650.430 650.440 650.450 650.460 650.470 650.480 NextLast modified: August 7, 2008