Oregon § 650.370 Transfer by dealer

Oregon Statutes

§ 650.370 — Transfer by dealer

Oregon § 650.370

Vol.16

Title 50Trade Regulations and Practices

Ch. 650Franchise Transactions

This text of Oregon § 650.370 (Transfer by dealer) is published on Counsel Stack Legal Research, covering Oregon primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Or. Rev. Stat. § 650.370 (2026).

Text

(1)A dealer shall give a grantor 30 days’ notice in writing before the dealer transfers an interest in a dealership agreement or ownership of a business that is the subject of a dealership agreement.

(2)The dealer shall include in a notice under this section the identity, financial ability and qualifications of the proposed transferee and any other information required by the dealership agreement.

(3)(a) The dealer may not transfer the business to the transferee if a grantor, within 30 days after receiving the dealer’s notice, notifies the dealer that the grantor has reasonable grounds to object to the proposed transferee.

(b)If the grantor does not notify the dealer as provided in this subsection, the grantor shall accept the transfer.

(c)As used in this subsection, “reasonable ground

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(1) A dealer shall give a grantor 30 days’ notice in writing before the dealer transfers an interest in a dealership agreement or ownership of a business that is the subject of a dealership agreement.
(2) The dealer shall include in a notice under this section the identity, financial ability and qualifications of the proposed transferee and any other information required by the dealership agreement.
(3)(a) The dealer may not transfer the business to the transferee if a grantor, within 30 days after receiving the dealer’s notice, notifies the dealer that the grantor has reasonable grounds to object to the proposed transferee.
(b) If the grantor does not notify the dealer as provided in this subsection, the grantor shall accept the transfer.
(c) As used in this subsection, “reasonable grounds to object” includes, but is not limited to, a proposed transferee’s conviction of a felony or a lack of creditworthiness or experience to operate the business.