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Current as of January 01, 2025 | Updated by Findlaw Staff
1. On or after January 1, 1986, no manufacturer or distributor may include in any franchise agreement whose duration exceeds 1 year any provision which calls for the termination of the franchise by the manufacturer or distributor upon the death of the dealer if the dealer, in a form prescribed by and delivered to the manufacturer or distributor, designates as successor in interest his or her spouse or an adult child, who meets the current requirements for a franchise.
2. A dealer may designate a primary and one alternate successor in interest. An alternate successor in interest has no rights under NRS 482.36396 to 482.36412, inclusive, in the event of any exercise of rights by the primary successor in interest.
Cite this article: FindLaw.com - Nevada Revised Statutes Title 43. Public Safety; Vehicles; Watercraft § 482.36396. Death of dealer: Termination of franchise prohibited if dealer designates successor in interest; primary and alternate successors in interest - last updated January 01, 2025 | https://codes.findlaw.com/nv/title-43-public-safety-vehicles-watercraft/nv-rev-st-482-36396/
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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