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Current as of January 01, 2024 | Updated by Findlaw Staff
The provisions of sections 3 and 4 of P.L.1982, c. 156 (C.56:10-18 and 56:10-19) notwithstanding, a motor vehicle franchisor may:
a. Permit an existing franchisee to relocate his franchise within two miles of the franchisee's existing franchise location, except that a franchise may not be relocated pursuant to this subsection unless at least five years have elapsed since any previous relocation pursuant to this subsection;
b. Reopen or reactivate a franchise or business which has not been in operation for a period of two years or less at a site within two miles of the prior site, provided that the rights accorded to the franchisor herein shall not apply to a successor or assignee of the franchisor of the franchise or business at the time the franchise or business was closed or deactivated; or
c. Permit the purchaser of a controlling interest in the shares or substantially all of the operating assets of an existing franchise to relocate the place of business of the franchise within two miles of the previously approved franchise location within 180 days of the date of purchase.
Cite this article: FindLaw.com - New Jersey Statutes Title 56. Trade Names, Trade-Marks and Unfair Trade Practices 56 § 10-20 - last updated January 01, 2024 | https://codes.findlaw.com/nj/title-56-trade-names-trademarks-and-unfair-trade-practices/nj-st-sect-56-10-20/
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature before relying on it for your legal needs.
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