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Current as of January 01, 2024 | Updated by Findlaw Staff
A franchisee may designate one primary and one alternate successor in interest. The alternate, if one is designated, shall have no rights under sections 87-411 to 87-414 if the primary successor in interest exercises his or her rights under sections 87-411 to 87-414. If an alternate desires to assume and operate the franchise in the event the primary successor in interest fails to do so, the alternate shall give notice of such election within forty-five days after the death of the franchisee and shall comply with sections 87-411 to 87-414.
Cite this article: FindLaw.com - Nebraska Revised Statutes Chapter 87. Trade Practices § 87-412. Designation of successor in interest; rights; notice of election to operate franchise - last updated January 01, 2024 | https://codes.findlaw.com/ne/chapter-87-trade-practices/ne-rev-st-sect-87-412/
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