[§481G-5]  Notice of termination,
cancellation, or nonrenewal.  A distributor shall not terminate, cancel, or
refuse to renew a dealership with a dealer without first giving written notice
by certified mail at least ninety days in advance of the effective date of such
action as set forth in the notice.  Notwithstanding any provision to the
contrary contained in this section, a distributor may terminate, cancel, or
refuse to renew a dealership with a dealer effective five days after the
posting of written notice by certified mail to the dealer at the dealer's last
known address, if such action is based on any of the following reasons:



(1)  Voluntary abandonment of the dealership
relationship by the dealer;



(2)  Conviction of the dealer of a crime involving the
business conducted pursuant to the dealership; or



(3)  Adjudication of bankruptcy of the dealer, or the
dealer becoming insolvent in the sense that the dealer cannot meet financial
obligations when due. [L 1983, c 285, pt of §1]