§ 44-20-206 — Accepting consideration to eliminate competition

It is
unlawful for any person who is engaged in the business of financing the purchase
or sale of motor vehicles or of buying conditional sales contracts, chattel
mortgages, or leases on motor vehicles sold at retail within this state to accept or
receive, or contract or agree to accept or receive, either directly or indirectly, any
payment, thing, or service of value from any person who is engaged, either directly
or indirectly, in the manufacture of or wholesale distribution only of motor vehicles,
whether patented or unpatented, if the effect of the acceptance or receipt of any
such payment, thing, or service of value may be to lessen or eliminate competition,
or to create or tend to create a monopoly in the person who accepts or receives
such payment, thing, or service of value or contracts or agrees to accept or receive
the same.

Legislative History

Source: L. 2018: Entire article added with relocations, (SB 18-030), ch. 7, p. 92, � 2, effective October 1.