Oregon Statutes - Chapter 650 - Franchise Transactions - Section 650.440 - Grantorís ownership, operation or control of dealership.

(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]

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Last modified: August 7, 2008