Franchise interest; vested rights

  1. Law
  2. Maine Revised Statutes
  3. COMMERCE AND TRADE
  4. REGULATION OF TRADE
  5. PERSONAL SPORTS MOBILE MANUFACTURERS, DISTRIBUTORS AND DEALERS
  6. Franchise interest; vested rights

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§1250-A. Franchise interest; vested rights

Notwithstanding any other provision of law, it is 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 personal sports mobile dealers, to terminate a franchise or to restrict the transfer of a franchise unless the franchisee receives fair and reasonable compensation for the value of the business.   [PL 1997, c. 473, §3 (NEW).]

SECTION HISTORY

PL 1997, c. 473, §3 (NEW).


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