190.042 Succession to ownership of a new motor vehicle dealership of a deceased or

210 words·~1 min read·/ky/190-042

A research copy — for the controlling text, always check the official state or federal source. Not legal advice.

incapacitated owner.

(1)Any owner of a new motor vehicle dealership may appoint by will, or any other

written instrument, a designated family member to succeed in the ownership

interest of the said owner in the new motor vehicle dealership.

(2)Manufacturers shall permit an owner of a new motor vehicle dealership to propose

a successor addendum, which shall be subject to the requirements in this section.

(3)Unless there exists good cause for refusal to honor succession on the part of the

manufacturer or distributor, any designated family member of a deceased or

incapacitated owner of a new motor vehicle dealership may succeed to the

ownership of the new motor vehicle dealership under the existing franchise

provided that:

(a)The designated family member gives the manufacturer or distributor written

notice of his or her intention to succeed to the ownership of the new motor

vehicle dealership within ninety

(90)days of the owner's death or incapacity;

and

(b)The designated family member agrees to be bound by all the terms and

conditions of the franchise.

(4)The manufacturer or distributor may request, and the designated family member

shall provide, promptly upon said request, personal and financial data that is

reasonably necessary to determine whether the succession should be honored.