Nebraska § 87-412 Designation of successor in interest; rights; notice of election to operate franchise

Nebraska Statutes

§ 87-412 — Designation of successor in interest; rights; notice of election to operate franchise

Nebraska § 87-412

Ch. 87Trade Practices

This text of Nebraska § 87-412 (Designation of successor in interest; rights; notice of election to operate franchise) is published on Counsel Stack Legal Research, covering Nebraska primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Neb. Rev. Stat. § 87-412 (2026).

Text

A franchisee may designate one primary and one alternate successor in interest. The alternate, if one is designated, shall have no rights under sections  87-411  to  87-414  if the primary successor in interest exercises his or her rights under sections  87-411  to  87-414 . If an alternate desires to assume and operate the franchise in the event the primary successor in interest fails to do so, the alternate shall give notice of such election within forty-five days after the death of the franchisee and shall comply with sections  87-411  to  87-414 .

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A franchisee may designate one primary and one alternate successor in interest. The alternate, if one is designated, shall have no rights under sections 87-411 to 87-414 if the primary successor in interest exercises his or her rights under sections 87-411 to 87-414 . If an alternate desires to assume and operate the franchise in the event the primary successor in interest fails to do so, the alternate shall give notice of such election within forty-five days after the death of the franchisee and shall comply with sections 87-411 to 87-414 .