Not later than the sixty days after receiving notice and application as provided by §§ 32-6B-73 to 32-6B-78 , inclusive, the manufacturer or franchisor shall determine whether or not the dealer's prospective transferee is qualified and shall send a letter by certified mail, return receipt requested, informing the dealer of the approval of the prospective transferee or the unacceptability of the prospective transferee. If the prospective transferee is not acceptable, the manufacturer or franchisor shall include a statement setting forth the material reasons for the rejection. An application filed by a dealer as provided in §§ 32-6B-73 to 32-6B-78 , inclusive, is approved unless rejected by the manufacturer or franchisor in the manner provided by §§ 32-6B-73 to 32-6B-78 , inclusive.
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