(1) A grantor shall permit a dealer who is an individual to change the dealers designation of a member of the dealers family to succeed to the dealers interest in the dealers business and dealership agreement. (2) Upon the dealers death, incapacity or retirement, the grantor shall accept the transfer of the dealers interest in the dealers business and dealership agreement to the member of the family designated by the dealer. (3) Subsection (2) of this section does not apply if the grantor notifies the designated family member that the grantor has reasonable grounds to object to the designated family member. (4) As used in this section and ORS 650.370, reasonable grounds to object includes, but is not limited to, the designated family members conviction of a felony or a lack of creditworthiness, experience to operate the business or licenses or certificates necessary to operate the business. (5) A designated family members right to succeed to the dealers interest in the dealers business and dealership agreement does not include the right to relocate the dealers business or change the terms of the dealership agreement.
‹ Prev All Oregon sections Next ›
Lexace provides legal information, not legal advice, and no attorney–client relationship is created. Statute text is provided for general information and may not reflect the most recent amendments; verify against the official state code.