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Texas Occupations Code - OCC § 2301.457. Prohibition:  Change of Franchised Dealer's Capital Structure

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

Notwithstanding the terms of any franchise, a manufacturer, distributor, or representative may not prevent a franchised dealer who meets reasonable capital requirements from reasonably changing:

(1) the capital structure of the dealership;  or

(2) the means by or through which the dealer finances the operation of the dealership.

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Cite this article: FindLaw.com - Texas Occupations Code - OCC § 2301.457. Prohibition:  Change of Franchised Dealer's Capital Structure - last updated January 01, 2024 | https://codes.findlaw.com/tx/occupations-code/occ-sect-2301-457/

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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