South Dakota Codified Laws 32-6B-81. Manufacturer or franchisor may own or operate for limited period–Conditions
Current as of: 2023 | Check for updates
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A manufacturer or franchisor may own an interest in a franchised vehicle dealer, or otherwise control a dealership, for a period not to exceed twelve months from the date the manufacturer or franchisor acquires the dealership if:
(1) The person from whom the manufacturer or franchisor acquired the dealership was a franchised dealer; and
Terms Used In South Dakota Codified Laws 32-6B-81
- Person: includes natural persons, partnerships, associations, cooperative corporations, limited liability companies, and corporations. See South Dakota Codified Laws 2-14-2
(2) The dealership is for sale by the manufacturer or franchisor at a reasonable price and on reasonable terms and conditions.
Source: SL 2000, ch 151, § 3.