CS/SB 1562

Motor Vehicle Manufacturers, Importers, and Distributors and Franchised Motor Vehicle Dealers; Authorizing licensees to reject the succession to interest in a franchise agreement of a motor vehicle dealer under certain circumstances; prohibiting a licensee from distributing more than a specified percentage of a specified number of motor vehicles of a particular line-make during a certain period to one motor vehicle dealer or dealers that share common ownership or control; authorizing a licensee to reject a sale, transfer, alienation, or other disposition of a franchise agreement or an equity interest in a motor vehicle dealer under certain circumstances, etc.