H

Heard

Your voice in democracy

Sign InJoin Heard
SB 534STATE · VirginiaIntroduced

Motor vehicle dealers; sale of franchise.

Motor vehicle dealers; sale of franchise. Changesthe deadline for a vehicle manufacturer, factory branch, distributor,or distributor branch to reject the sale or transfer of a dealershipfrom 30 days prior to the effective date of the sale or transferto 60 days from the receipt of notice from the dealer of the proposedsale or transfer and lists requirements for such notice from thedealer. The bill provides that an objection to a sale or transferbased on an applicant's years of motor dealer management experienceis a reasonable objection but removes the right to object based onother applicant qualifications. The bill further provides that a franchisor's consent to a relocation of a business cannot be unreasonably withheld. Finally, the bill entitles dealers and applicants forsale or transfer to damages if a manufacturer, factory branch, distributor,or distributor branch willfully engages in prohibited conduct.

Voted: 4/17/2024

How representatives voted

346 yea·0 nay·7 other

Action history

  • 4/17/2024Senate concurred in Governor's recommendation (40-Y 0-N)
  • 4/17/2024House concurred in Governor's recommendation BLOCK VOTE (97-Y 0-N)
  • 4/17/2024BLOCK VOTE: (97-Y 0-N)
  • 4/17/2024Governor's recommendation adopted
  • 4/17/2024Reenrolled
  • 4/17/2024Reenrolled bill text (SB534ER2)
  • 4/17/2024Signed by President as reenrolled
  • 4/17/2024Signed by Speaker as reenrolled
  • 4/17/2024Enacted, Chapter 791 (effective 7/1/24)
  • 4/17/2024Acts of Assembly Chapter text (CHAP0791)