Okla. Stat. tit. 63, § 63-4038
This is the official text of Okla. Stat. tit. 63, § 63-4038, part of Oklahoma’s Stat. tit. 63, — part of the compiled statutory law of Oklahoma, published by the state as "Stat. tit. 63,." Browse the sections below, each linked to its official government source.
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Designated successor of deceased or incapacitated new
Official statutory text
vessel dealer - Continuation of existing dealer agreement - Refusal
to honor succession - Notice.
A. A designated successor of a deceased or incapacitated new
vessel dealer may succeed the dealer in the ownership or operation
of the dealership under the existing dealer agreement, if the
designated successor gives the manufacturer or distributor written
notice of his intention to succeed to the dealership within sixty
(60) days after the dealer's death or incapacity and agrees to be
bound by all of the terms and conditions of the dealer agreement. A
Oklahoma Statutes - Title 63. Public Health and Safety Page 1646
manufacturer or distributor may refuse to honor the existing dealer
agreement with the designated successor for good cause or criteria
agreed to in the existing dealer agreement, and may require the
designated successor to supply personal and financial data necessary
to determine whether the existing dealer agreement should be
honored.
B. Within sixty (60) days after receiving the notice of the
designated successor's intent to succeed the dealer in the ownership
and operation of the dealership or within sixty (60) days after
receiving the requested personal and financial data, whichever last
occurs, if a manufacturer or distributor believes that good cause or
other criteria exists for refusing to honor the succession, the
manufacturer or distributor may serve upon the designated successor
notice of its refusal to approve the succession.
to honor succession - Notice.
A. A designated successor of a deceased or incapacitated new
vessel dealer may succeed the dealer in the ownership or operation
of the dealership under the existing dealer agreement, if the
designated successor gives the manufacturer or distributor written
notice of his intention to succeed to the dealership within sixty
(60) days after the dealer's death or incapacity and agrees to be
bound by all of the terms and conditions of the dealer agreement. A
Oklahoma Statutes - Title 63. Public Health and Safety Page 1646
manufacturer or distributor may refuse to honor the existing dealer
agreement with the designated successor for good cause or criteria
agreed to in the existing dealer agreement, and may require the
designated successor to supply personal and financial data necessary
to determine whether the existing dealer agreement should be
honored.
B. Within sixty (60) days after receiving the notice of the
designated successor's intent to succeed the dealer in the ownership
and operation of the dealership or within sixty (60) days after
receiving the requested personal and financial data, whichever last
occurs, if a manufacturer or distributor believes that good cause or
other criteria exists for refusing to honor the succession, the
manufacturer or distributor may serve upon the designated successor
notice of its refusal to approve the succession.
Status: in_force · Read it on the official government site
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