2011 Oregon Revised Statutes
ORS Volume 14, Chapters 645 - 669
ORS Chapter 650
650.380 Dealer s successor.
(1) A grantor shall permit a dealer who is an individual to change the dealer s designation of a member of the dealer s family to succeed to the dealer s interest in the dealer s business and dealership agreement.
(2) Upon the dealer s death, incapacity or retirement, the grantor shall accept the transfer of the dealer s interest in the dealer s business and dealership agreement to the member of the family designated by the dealer.
(3) Subsection (2) of this section does not apply if the grantor notifies the designated family member that the grantor has reasonable grounds to object to the designated family member.
(4) As used in this section and ORS 650.370, reasonable grounds to object includes, but is not limited to, the designated family member s conviction of a felony or a lack of creditworthiness, experience to operate the business or licenses or certificates necessary to operate the business.
(5) A designated family member s right to succeed to the dealer s interest in the dealer s business and dealership agreement does not include the right to relocate the dealer s business or change the terms of the dealership agreement. [2003 c.377 9]
Disclaimer: These codes may not be the most recent version. Oregon may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
