South Dakota Codified Laws 32-6B-73. Notification of decision to transfer, assign, or sell franchise agreement or dealership–Notification as application for approval
Current as of: 2023 | Check for updates
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In order to transfer, assign, or sell a franchise agreement or controlling interest in the dealership to another person, a dealer shall notify the manufacturer or franchisor whose vehicles the dealer is franchised to sell of the dealer’s decision to transfer, assign, or sell the dealership. The notification shall be by certified mail, return receipt requested, and is the application by the dealer for approval by the manufacturer or franchisor of the transfer.
Terms Used In South Dakota Codified Laws 32-6B-73
- Person: includes natural persons, partnerships, associations, cooperative corporations, limited liability companies, and corporations. See South Dakota Codified Laws 2-14-2
Source: SL 2000, ch 150, § 1.