30-11-904. Transfer. A grantor may not unreasonably withhold consent to any transfer of the dealer's business or transfer of the stock or other interest in the dealership to a designated family member, to the principal owner of the dealership, or to a person whom the dealer wishes to designate as a designated successor. The grantor may require that the designated successor or designated family member meet the reasonable requirements of the grantor. The requirements must be specified and made available to any dealer upon request but may not extend beyond business, financial, character, and experience qualifications. If a grantor determines that a proposed transferee does not meet the requirements, the grantor shall give the dealer written notice stating the specific reasons for withholding consent.
History: En. Sec. 4, Ch. 180, L. 2001.
Structure Montana Code Annotated
30-11-902. Cancellation and alteration of dealerships
30-11-903. Notice of termination or change in dealership
30-11-905. Refusal to honor succession to ownership -- notice required
30-11-906. Procedure to determine right to succeed
30-11-907. Written designation of succession unaffected
30-11-909. Action for damages and injunctive relief
30-11-910. through 30-11-913 reserved
30-11-914. Grantor's right of first refusal -- construction equipment