Okla. Stat. tit. 47, § 47-596.8
This is the official text of Okla. Stat. tit. 47, § 47-596.8, part of Oklahoma’s Stat. tit. 47, — part of the compiled statutory law of Oklahoma, published by the state as "Stat. tit. 47,." Browse the sections below, each linked to its official government source.
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Sale of business assets - Conditions
Official statutory text
A. All of the following conditions shall apply to a proposed
sale of the business assets, transfer of the stock, or other
transaction that will result in a change of ownership of a dealer,
except a transaction described in subsection B of this section:
1. The dealer shall provide written notice to the manufacturer
at least ninety (90) days prior to the proposed closing of the
transaction;
2. If the dealer is not in breach of the dealer agreement or in
violation of the provisions of the Recreational Vehicle Franchise
Act at the time the dealer provides the notice described in
paragraph 1 of this subsection, the manufacturer shall not object to
the proposed transaction, unless the prospective transferee meets
one or more of the following:
a. the prospective transferee was previously a party to a
dealer agreement with the manufacturer that the
manufacturer terminated,
b. in the preceding ten (10) years, the prospective
transferee was convicted of a felony crime or any
crime of fraud, deceit, or moral turpitude,
c. the prospective transferee does not have an
application for a recreational vehicle dealer license
pending with the Oklahoma New Motor Vehicle Commission
or a tentative dealer agreement with a recreational
vehicle manufacturer to conduct business as a dealer
in this state,
d. the prospective transferee does not have an active
line of credit sufficient to purchase recreational
vehicles from the manufacturer according to the terms
of the dealer agreement, or
e. in the preceding ten (10) years, the prospective
transferee was bankrupt or insolvent, made a general
assignment for the benefit of creditors, or a
receiver, trustee, or conservator was appointed to
take possession of the business or property of the
prospective transferee;
3. If the manufacturer objects to the proposed transaction, the
manufacturer shall give written notice of an objection, including
the reasons by the manufacturer for objecting, to the dealer within
thirty (30) days after receiving the notice described in paragraph 1
Oklahoma Statutes - Title 47. Motor Vehicles Page 938
of this subsection. If the manufacturer does not give notice of an
objection within the thirty-day time period, the proposed
transaction shall be considered approved by the manufacturer; and
4. For purposes of paragraph 3 of this subsection, the
manufacturer has the burden of demonstrating why the manufacturer
objects to the proposed transaction.
B. All of the following conditions apply concerning the death,
incapacity, or retirement of the designated principal of a dealer:
1. The manufacturer shall provide the dealer an opportunity to
designate, in writing, a family member as a successor to the dealer
in the event of the death, incapacity, or retirement of the
designated principal;
2. The manufacturer shall not prevent or refuse to honor the
succession to a dealership by a family member of the deceased,
incapacitated, or retired designated principal of that dealer unless
the manufacturer previously provided written notice to the dealer of
any objections to the succession plan of the dealer within thirty
the death, incapacity, or retirement of the
designated principal;
2. The manufacturer shall not prevent or refuse to honor the
succession to a dealership by a family member of the deceased,
incapacitated, or retired designated principal of that dealer unless
the manufacturer previously provided written notice to the dealer of
any objections to the succession plan of the dealer within thirty
(30) days after receiving the succession plan of the dealer or any
modification of the succession plan of the dealer;
3. Except as provided in paragraph 5 of this subsection, unless
the dealer is in breach of the dealer agreement, a manufacturer
shall not object to the succession to a dealership by a family
member of the deceased, incapacitated, or retired designated
principal, unless the successor meets one or more of the following:
a. in the preceding ten (10) years, the successor was
convicted of a felony crime or any crime of fraud,
deceit, or moral turpitude,
b. in the preceding ten (10) years, the successor was
bankrupt, insolvent, or made an assignment for the
benefit of creditors,
c. the successor was previously a party to a dealer
agreement with the manufacturer that the manufacturer
terminated for a breach of a dealer agreement,
d. the successor does not have an active line of credit
sufficient to purchase recreational vehicles from the
manufacturer according to the terms of the dealer
agreement, or
e. the successor does not have an application for a
recreational vehicle dealer license pending with the
Commission or a tentative dealer agreement with a
recreational vehicle manufacturer to conduct business
as a dealer in this state;
4. The manufacturer has the burden of proof regarding any
objection to the succession to a dealership by a family member of
the deceased, incapacitated, or retired designated principal; and
5. The consent of the manufacturer shall be required for the
succession to a dealership by a family member of the deceased,
Oklahoma Statutes - Title 47. Motor Vehicles Page 939
incapacitated, or retired designated principal if the succession
involves a relocation of the business or an alteration of the terms
and conditions of the dealer agreement.
sale of the business assets, transfer of the stock, or other
transaction that will result in a change of ownership of a dealer,
except a transaction described in subsection B of this section:
1. The dealer shall provide written notice to the manufacturer
at least ninety (90) days prior to the proposed closing of the
transaction;
2. If the dealer is not in breach of the dealer agreement or in
violation of the provisions of the Recreational Vehicle Franchise
Act at the time the dealer provides the notice described in
paragraph 1 of this subsection, the manufacturer shall not object to
the proposed transaction, unless the prospective transferee meets
one or more of the following:
a. the prospective transferee was previously a party to a
dealer agreement with the manufacturer that the
manufacturer terminated,
b. in the preceding ten (10) years, the prospective
transferee was convicted of a felony crime or any
crime of fraud, deceit, or moral turpitude,
c. the prospective transferee does not have an
application for a recreational vehicle dealer license
pending with the Oklahoma New Motor Vehicle Commission
or a tentative dealer agreement with a recreational
vehicle manufacturer to conduct business as a dealer
in this state,
d. the prospective transferee does not have an active
line of credit sufficient to purchase recreational
vehicles from the manufacturer according to the terms
of the dealer agreement, or
e. in the preceding ten (10) years, the prospective
transferee was bankrupt or insolvent, made a general
assignment for the benefit of creditors, or a
receiver, trustee, or conservator was appointed to
take possession of the business or property of the
prospective transferee;
3. If the manufacturer objects to the proposed transaction, the
manufacturer shall give written notice of an objection, including
the reasons by the manufacturer for objecting, to the dealer within
thirty (30) days after receiving the notice described in paragraph 1
Oklahoma Statutes - Title 47. Motor Vehicles Page 938
of this subsection. If the manufacturer does not give notice of an
objection within the thirty-day time period, the proposed
transaction shall be considered approved by the manufacturer; and
4. For purposes of paragraph 3 of this subsection, the
manufacturer has the burden of demonstrating why the manufacturer
objects to the proposed transaction.
B. All of the following conditions apply concerning the death,
incapacity, or retirement of the designated principal of a dealer:
1. The manufacturer shall provide the dealer an opportunity to
designate, in writing, a family member as a successor to the dealer
in the event of the death, incapacity, or retirement of the
designated principal;
2. The manufacturer shall not prevent or refuse to honor the
succession to a dealership by a family member of the deceased,
incapacitated, or retired designated principal of that dealer unless
the manufacturer previously provided written notice to the dealer of
any objections to the succession plan of the dealer within thirty
the death, incapacity, or retirement of the
designated principal;
2. The manufacturer shall not prevent or refuse to honor the
succession to a dealership by a family member of the deceased,
incapacitated, or retired designated principal of that dealer unless
the manufacturer previously provided written notice to the dealer of
any objections to the succession plan of the dealer within thirty
(30) days after receiving the succession plan of the dealer or any
modification of the succession plan of the dealer;
3. Except as provided in paragraph 5 of this subsection, unless
the dealer is in breach of the dealer agreement, a manufacturer
shall not object to the succession to a dealership by a family
member of the deceased, incapacitated, or retired designated
principal, unless the successor meets one or more of the following:
a. in the preceding ten (10) years, the successor was
convicted of a felony crime or any crime of fraud,
deceit, or moral turpitude,
b. in the preceding ten (10) years, the successor was
bankrupt, insolvent, or made an assignment for the
benefit of creditors,
c. the successor was previously a party to a dealer
agreement with the manufacturer that the manufacturer
terminated for a breach of a dealer agreement,
d. the successor does not have an active line of credit
sufficient to purchase recreational vehicles from the
manufacturer according to the terms of the dealer
agreement, or
e. the successor does not have an application for a
recreational vehicle dealer license pending with the
Commission or a tentative dealer agreement with a
recreational vehicle manufacturer to conduct business
as a dealer in this state;
4. The manufacturer has the burden of proof regarding any
objection to the succession to a dealership by a family member of
the deceased, incapacitated, or retired designated principal; and
5. The consent of the manufacturer shall be required for the
succession to a dealership by a family member of the deceased,
Oklahoma Statutes - Title 47. Motor Vehicles Page 939
incapacitated, or retired designated principal if the succession
involves a relocation of the business or an alteration of the terms
and conditions of the dealer agreement.
Status: in_force · Read it on the official government site
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