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2019 Indiana Code
Title 9. Motor Vehicles
Article 32. Dealer Services
Chapter 13. Unfair Practices
9-32-13-12. Restraint by manufacturer or distributor of sale or transfer of interest by dealer
Universal Citation: IN Code § 9-32-13-12 (2019)
IC 9-32-13-12 Restraint by manufacturer or distributor of sale or transfer of interest by dealer
Sec. 12. It is an unfair practice for a manufacturer or distributor to prevent or require, or attempt to prevent or require, by contract or otherwise, a dealer or an officer, a partner, or a stockholder of a dealer to sell or transfer a part of the interest of the officer, partner, or stockholder to any other person. A dealer, an officer, a partner, or a stockholder may not sell, transfer, or assign the franchise or a right under the franchise without the consent of the manufacturer or distributor. This consent may not be withheld unreasonably.
As added by P.L.92-2013, SEC.78.
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