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Current as of January 01, 2024 | Updated by Findlaw Staff
(a) Notwithstanding the terms of any franchise, except as provided by Subsection (b), a manufacturer, distributor, or representative shall honor the succession to a dealership by a legal heir or devisee under:
(1) the will of a franchised dealer; or
(2) the laws of descent and distribution of this state.
(b) Notwithstanding the terms of any franchise, a manufacturer, distributor, or representative may refuse to honor a succession if, after notice and hearing, it is shown to the board that the result of the succession will be detrimental to the public interest and to the representation of the manufacturer or distributor.
(c) This section does not prevent a franchised dealer, during the dealer's lifetime, from designating any person as a successor dealer by a written instrument filed with the manufacturer or distributor.
Cite this article: FindLaw.com - Texas Occupations Code - OCC § 2301.462. Succession Following Death of Franchised Dealer - last updated January 01, 2024 | https://codes.findlaw.com/tx/occupations-code/occ-sect-2301-462/
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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