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Statutes » New York » VAT Law » Title 4

N.Y. VAT Law § 467

This is the official text of N.Y. VAT Law § 467, part of New York’s VAT Law — part of the compiled statutory law of New York, published by the state as "VAT Law." Browse the sections below, each linked to its official government source.

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Dealership facilities assistance upon termination, cancellation or nonrenewal

Official statutory text

§ 467. Dealership facilities assistance upon termination, cancellation\nor nonrenewal. Upon a permitted termination, cancellation or nonrenewal\nby the franchisor, unless such termination, cancellation or nonrenewal\nis for a reason or reasons set forth in subparagraph three of paragraph\n(d) of subdivision two of section four hundred sixty-three of this\narticle, the franchisor shall assume the obligations for any lease of\nthe dealership facilities or arrange for a new lease of the dealership\nfacilities or pay the dealer the lease payments for one year, whatever\nis less, or negotiate a lease termination for the dealership facilities\nat the franchisor's expense. If the facilities are owned by the\nfranchised motor vehicle dealer, the franchisor shall pay such dealer a\nsum equivalent to the reasonable rental value of the dealership facility\nfor one year, provided the franchised motor vehicle dealer shall\nmitigate damages in the case of an owned facility.\n

Status: in_force · Read it on the official government site

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About this page: Statute text is reproduced from official government publishers via the Open US Law dataset (Vaquill AI, snapshot v2026.08, CC BY 4.0). Primary legislative text like this is public domain under the government-edicts doctrine (Georgia v. Public.Resource.Org, 2020). We link every section back to its official source so you can verify it independently.