Texas Statutes (Last Updated: January 4, 2014) |
OCCUPATIONS CODE |
Title 14. REGULATION OF MOTOR VEHICLES AND TRANSPORTATION |
Subtitle A. REGULATIONS RELATED TO MOTOR VEHICLES |
Chapter 2301. SALE OR LEASE OF MOTOR VEHICLES |
Subchapter J. MANUFACTURERS, DISTRIBUTORS, AND REPRESENTATIVES |
Sec. 2301.458. PROHIBITION: CHANGE IN DEALER OWNERSHIP
Latest version.
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Notwithstanding the terms of any franchise, except as provided by Section 2301.359 or 2301.360, a manufacturer, distributor, or representative may not fail to give effect to or attempt to prevent the sale or transfer of:
(1) a dealer, dealership, or franchise;
(2) an interest in a dealer, dealership, or franchise; or
(3) the management of a dealer, dealership, or franchise.
Added by Acts 2001, 77th Leg., ch. 1421, Sec. 5, eff. June 1, 2003.