State Codes and Statutes

Statutes > New-jersey > Title-56 > Section-56-10 > 56-10-27

56:10-27.    Sales through franchises only
    It shall be a violation of this act for any motor vehicle franchisor, directly or indirectly, through any officer, agent, employee, broker or any shareholder of the franchisor, except a shareholder of 1% or less of the outstanding shares of any class of securities of a franchisor which is a publicly traded corporation, or other person, to offer to sell or sell motor vehicles, to a consumer, other than an employee of the franchisor, except through a motor vehicle franchisee.

   L. 1985, c. 361, s. 2, eff. Nov. 12, 1985.

State Codes and Statutes

Statutes > New-jersey > Title-56 > Section-56-10 > 56-10-27

56:10-27.    Sales through franchises only
    It shall be a violation of this act for any motor vehicle franchisor, directly or indirectly, through any officer, agent, employee, broker or any shareholder of the franchisor, except a shareholder of 1% or less of the outstanding shares of any class of securities of a franchisor which is a publicly traded corporation, or other person, to offer to sell or sell motor vehicles, to a consumer, other than an employee of the franchisor, except through a motor vehicle franchisee.

   L. 1985, c. 361, s. 2, eff. Nov. 12, 1985.