Franchise interest, vested rights

  1. Law
  2. Maine Revised Statutes
  3. COMMERCE AND TRADE
  4. REGULATION OF TRADE
  5. BUSINESS PRACTICES BETWEEN MOTOR VEHICLE MANUFACTURERS, DISTRIBUTORS AND DEALERS
  6. REGULATION OF BUSINESS PRACTICES BETWEEN MOTOR VEHICLE MANUFACTURERS, DISTRIBUTORS AND DEALERS
  7. Franchise interest, vested rights

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§1179. Franchise interest, vested rights

Notwithstanding any other provision of law, it shall be unlawful for the manufacturer, wholesaler, distributor or franchisor without due cause, to fail to renew a franchise on terms then equally available to all its motor vehicle dealers, to terminate a franchise or to restrict the transfer of a franchise unless the franchisee shall receive fair and reasonable compensation for the value of the business.   [PL 1975, c. 573 (NEW).]

SECTION HISTORY

PL 1975, c. 573 (NEW).


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