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2018 Louisiana Laws
Revised Statutes
TITLE 51 - Trade and Commerce
RS 51:488 - Repurchase from heirs upon death of dealer
Universal Citation: LA Rev Stat § 51:488 (2018)
§488. Repurchase from heirs upon death of dealer
Upon the death of the dealer, or the majority stockholder in a corporation operating a retail dealership under a contract as provided in R.S. 51:481, the heir or heirs of the dealer or stockholder shall have one year to exercise the options provided by this Part to the dealer, upon the same terms and conditions applicable to the dealer.
Acts 1991, No. 627, §1.
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