Indiana § 9-32-13-12 Restraint by manufacturer or distributor of sale or transfer of interest
by dealer

Indiana Statutes

§ 9-32-13-12 — Restraint by manufacturer or distributor of sale or transfer of interest by dealer

Indiana·Title 9 MOTOR VEHICLES·Art. 32 DEALER SERVICES·Ch. 13 Unfair Practices

It is an unfair practice for a manufacturer or
distributor to prevent or require, or attempt to prevent or require, by
contract or otherwise, a dealer or an officer, a partner, or a stockholder
of a dealer to sell or transfer a part of the interest of the officer, partner,
or stockholder to any other person. A dealer, an officer, a partner, or a
stockholder may not sell, transfer, or assign the franchise or a right
under the franchise without the consent of the manufacturer or
distributor. This consent may not be withheld unreasonably.

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It is an unfair practice for a manufacturer or
distributor to prevent or require, or attempt to prevent or require, by
contract or otherwise, a dealer or an officer, a partner, or a stockholder
of a dealer to sell or transfer a part of the interest of the officer, partner,
or stockholder to any other person. A dealer, an officer, a partner, or a
stockholder may not sell, transfer, or assign the franchise or a right
under the franchise without the consent of the manufacturer or
distributor. This consent may not be withheld unreasonably.

Indiana § 9-32-13-12 (Restraint by manufacturer or distributor of sale or transfer of interest by dealer) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.