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the Georgia Code
2006 Georgia Code - 13-8-23
13-8-23. In the event of the death or incapacity of the
dealer or the majority stockholder of a corporation operating as a
dealer, the manufacturer, distributor, or wholesaler shall, at the
option of the heirs at law, if the dealer died intestate, or the
devisees or transferees under the terms of the deceased
dealer´s last will and testament, if said dealer died
testate, repurchase the inventory from said heirs or devisees as
aforesaid as if the manufacturer, distributor, or wholesaler had
terminated the contract, and the inventory repurchase provisions of
Code Section 13-8-22 are made expressly applicable hereto. The
heirs or devisees as aforesaid shall have one year from the date of
the death of the retailer or majority stockholder to exercise their
option under this article; provided, however, that nothing in this
article shall require the repurchase of inventory if the heirs or
devisees as aforesaid and the manufacturer, distributor, or
wholesaler enter into a new franchise agreement to operate the
retail dealership.
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