87-412 Designation of successor in interest; rights; notice of election to operate franchise. - Nebraska Statutes

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87-412. Designation of successor in interest; rights; notice of election to operate franchise.A franchisee may designate one primary and one alternate successor in interest. The alternate, if one is designated, shall have no rights under sections 87-411 to 87-414 if the primary successor in interest exercises his or her rights under sections 87-411 to 87-414. If an alternate desires to assume and operate the franchise in the event the primary successor in interest fails to do so, the alternate shall give notice of such election within forty-five days after the death of the franchisee and shall comply with sections 87-411 to 87-414. SourceLaws 1985, LB 700, § 2.

State Codes and Statutes

Statutes > Nebraska > Chapter87 > 87-412

87-412. Designation of successor in interest; rights; notice of election to operate franchise.A franchisee may designate one primary and one alternate successor in interest. The alternate, if one is designated, shall have no rights under sections 87-411 to 87-414 if the primary successor in interest exercises his or her rights under sections 87-411 to 87-414. If an alternate desires to assume and operate the franchise in the event the primary successor in interest fails to do so, the alternate shall give notice of such election within forty-five days after the death of the franchisee and shall comply with sections 87-411 to 87-414. SourceLaws 1985, LB 700, § 2.

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State Codes and Statutes

Statutes > Nebraska > Chapter87 > 87-412

87-412. Designation of successor in interest; rights; notice of election to operate franchise.A franchisee may designate one primary and one alternate successor in interest. The alternate, if one is designated, shall have no rights under sections 87-411 to 87-414 if the primary successor in interest exercises his or her rights under sections 87-411 to 87-414. If an alternate desires to assume and operate the franchise in the event the primary successor in interest fails to do so, the alternate shall give notice of such election within forty-five days after the death of the franchisee and shall comply with sections 87-411 to 87-414. SourceLaws 1985, LB 700, § 2.