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Texas Business and Commerce Code - BUS & COM § 57.052. Change in Ownership or Financial Structure

Current as of January 01, 2024 | Updated by Findlaw Staff

A supplier may not prevent, by contract or otherwise, a dealer from changing its capital structure or the means by or through which the dealer finances its operations, if:

(1) the dealer gives prior notice of the change to the supplier; and

(2) the dealer at all times meets any reasonable capital standards required by the supplier pursuant to a right granted in the dealer agreement and imposed on similarly situated dealers.

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Cite this article: FindLaw.com - Texas Business and Commerce Code - BUS & COM § 57.052. Change in Ownership or Financial Structure - last updated January 01, 2024 | https://codes.findlaw.com/tx/business-and-commerce-code/bus-com-sect-57-052/

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