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Oregon Revised Statutes Trade Regulations and Practices § 650.440

Current as of January 01, 2023 | Updated by Findlaw Staff

(1) A grantor may not sell a recreational vehicle to or through a dealer without having entered into a dealership agreement with the dealer.

(2) A grantor may not own, operate or control a dealership in this state.

(3) Notwithstanding subsection (2) of this section, a grantor may own, operate or control a dealership in this state if:

(a)(A) The ownership, operation or control does not exceed a period of one year or, if the grantor can show good cause, two years; and

(B) The dealership is for sale at a reasonable price and under reasonable terms and conditions;

(b) The grantor has entered into a bona fide agreement with a person who, under the dealership agreement:

(A) Must make a significant investment, subject to loss, in the dealership; and

(B) May reasonably expect to acquire the dealership in a reasonable time and under reasonable terms and conditions; or

(c) The grantor owned, operated or controlled the dealership on January 1, 2003.

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Cite this article: FindLaw.com - Oregon Revised Statutes Trade Regulations and Practices § 650.440 - last updated January 01, 2023 | https://codes.findlaw.com/or/title-50-trade-regulations-and-practices/or-rev-st-sect-650-440/

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