§1179. Franchise interest, vested rights
Notwithstanding any other provision of law, it shall be unlawful for the manufacturer, wholesaler, distributor or franchisor without due cause, to fail to renew a franchise on terms then equally available to all its motor vehicle dealers, to terminate a franchise or to restrict the transfer of a franchise unless the franchisee shall receive fair and reasonable compensation for the value of the business. [PL 1975, c. 573 (NEW).]
SECTION HISTORY
PL 1975, c. 573 (NEW).
Structure Maine Revised Statutes
Chapter 204: BUSINESS PRACTICES BETWEEN MOTOR VEHICLE MANUFACTURERS, DISTRIBUTORS AND DEALERS
10 §1171-A. Corporate affiliates
10 §1171-B. Manufacturer; license
10 §1173. Attorney General and civil remedies
10 §1173-A. Mediation (REPEALED)
10 §1174-A. Limitations on establishing or relocating dealerships
10 §1174-B. Transportation damages
10 §1174-D. Compensation for new vehicles with safety defect
10 §1175. Delivery and preparation obligations; product liability and implied warranty complaints
10 §1177. Unreasonable restrictions
10 §1178. Covered under written or oral agreements
10 §1179. Franchise interest, vested rights
10 §1180. Franchisee's right to associate
10 §1181. Discounts and other inducements
10 §1182-A. Exemption for installation on previously assembled truck chassis