482.36399 - Assumption of provisions of franchise agreement by successor required.
482.36399 Ā Assumption of provisions of franchise agreement by successor required. Ā Unless the manufacturer or distributor otherwise agrees in writing, a successor in interest may not operate under the franchise agreement until all provisions of the agreement have been expressly assumed by the successor, including, but not limited to:
1. Ā Leases;
2. Ā Agreements relating to products;
3. Ā Agreements relating to loaned equipment;
4. Ā Agreements to comply with federal and state environmental law;
5. Ā Licenses; and
6. Ā Permits relating to taxes.
(Added to NRS by 1985, 1830)