§1250-A. Franchise interest; vested rights
Notwithstanding any other provision of law, it is 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 personal sports mobile dealers, to terminate a franchise or to restrict the transfer of a franchise unless the franchisee receives fair and reasonable compensation for the value of the business. [PL 1997, c. 473, §3 (NEW).]
SECTION HISTORY
PL 1997, c. 473, §3 (NEW).
Structure Maine Revised Statutes
Chapter 206-B: PERSONAL SPORTS MOBILE MANUFACTURERS, DISTRIBUTORS AND DEALERS
10 §1243-A. Unlawful sale of new personal sports mobile
10 §1244. Limitations on establishing or relocating dealerships
10 §1245. Transportation damages
10 §1247. Delivery and preparation obligations; product liability and implied warranty complaints
10 §1249. Unreasonable restrictions
10 §1250. Covered under written or oral agreements
10 §1250-A. Franchise interest; vested rights
10 §1250-B. Franchisee's right to associate
10 §1250-C. Discounts and other inducements
10 §1250-G. Statute of limitation
10 §1250-J. Penalty (REPEALED)
10 §1250-K. Unlawful sale of new snowmobile and new all-terrain vehicle (REPEALED)