§ 6-50-4 Notice of termination or changein dealership. – (a) Notwithstanding the terms, provisions, or conditions of any agreement tothe contrary, a grantor shall provide a dealer sixty (60) days prior writtennotice of termination, cancellation, or nonrenewal. The notice shall state allthe reasons for termination, cancellation, or nonrenewal and shall provide thatthe dealer has thirty (30) days in which to cure any claimed deficiency;provided that a dealer has a right to cure three (3) times in any twelve (12)month period during the period of the dealership agreement. The sixty (60) daynotice provisions of this section shall not apply and the termination,cancellation or nonrenewal may be made effective immediately upon writtennotice, if the reason for termination, cancellation or nonrenewal is in theevent the dealer: (1) voluntarily abandons the dealership relationship; (2) isconvicted of a felony offense related to the business conducted pursuant to thedealership; (3) engages in any substantial act which tends to materially impairthe goodwill of the grantor's trade name, trademark, service mark, logotype orother commercial symbol; (4) makes a material misrepresentation of fact to thegrantor relating to the dealership; (5) attempts to transfer the dealership (ora portion thereof) without authorization of the grantor; or (6) is insolvent,files or suffers to be filed against it any voluntary or involuntary bankruptcypetition, or makes an assignment for the benefit of creditors or similardisposition of assets of the dealer business.
(b) If the reason for termination, cancellation, ornonrenewal is nonpayment of sums due under the dealership, the dealers shall beentitled to written notice of such default, and shall have ten (10) days inwhich to cure such default from the date of such notice. A dealer has the rightto cure three (3) times in any twelve (12) month period during the period ofthe dealership agreement.
(c) If the reason for termination, cancellation or nonrenewalis for violation of any law, regulation or standard relating to public healthor safety the dealer shall be entitled to immediate written notice and shallhave twenty-four (24) hours to cure such violation.
§ 6-50-4 Notice of termination or changein dealership. – (a) Notwithstanding the terms, provisions, or conditions of any agreement tothe contrary, a grantor shall provide a dealer sixty (60) days prior writtennotice of termination, cancellation, or nonrenewal. The notice shall state allthe reasons for termination, cancellation, or nonrenewal and shall provide thatthe dealer has thirty (30) days in which to cure any claimed deficiency;provided that a dealer has a right to cure three (3) times in any twelve (12)month period during the period of the dealership agreement. The sixty (60) daynotice provisions of this section shall not apply and the termination,cancellation or nonrenewal may be made effective immediately upon writtennotice, if the reason for termination, cancellation or nonrenewal is in theevent the dealer: (1) voluntarily abandons the dealership relationship; (2) isconvicted of a felony offense related to the business conducted pursuant to thedealership; (3) engages in any substantial act which tends to materially impairthe goodwill of the grantor's trade name, trademark, service mark, logotype orother commercial symbol; (4) makes a material misrepresentation of fact to thegrantor relating to the dealership; (5) attempts to transfer the dealership (ora portion thereof) without authorization of the grantor; or (6) is insolvent,files or suffers to be filed against it any voluntary or involuntary bankruptcypetition, or makes an assignment for the benefit of creditors or similardisposition of assets of the dealer business.
(b) If the reason for termination, cancellation, ornonrenewal is nonpayment of sums due under the dealership, the dealers shall beentitled to written notice of such default, and shall have ten (10) days inwhich to cure such default from the date of such notice. A dealer has the rightto cure three (3) times in any twelve (12) month period during the period ofthe dealership agreement.
(c) If the reason for termination, cancellation or nonrenewalis for violation of any law, regulation or standard relating to public healthor safety the dealer shall be entitled to immediate written notice and shallhave twenty-four (24) hours to cure such violation.
§ 6-50-4 Notice of termination or changein dealership. – (a) Notwithstanding the terms, provisions, or conditions of any agreement tothe contrary, a grantor shall provide a dealer sixty (60) days prior writtennotice of termination, cancellation, or nonrenewal. The notice shall state allthe reasons for termination, cancellation, or nonrenewal and shall provide thatthe dealer has thirty (30) days in which to cure any claimed deficiency;provided that a dealer has a right to cure three (3) times in any twelve (12)month period during the period of the dealership agreement. The sixty (60) daynotice provisions of this section shall not apply and the termination,cancellation or nonrenewal may be made effective immediately upon writtennotice, if the reason for termination, cancellation or nonrenewal is in theevent the dealer: (1) voluntarily abandons the dealership relationship; (2) isconvicted of a felony offense related to the business conducted pursuant to thedealership; (3) engages in any substantial act which tends to materially impairthe goodwill of the grantor's trade name, trademark, service mark, logotype orother commercial symbol; (4) makes a material misrepresentation of fact to thegrantor relating to the dealership; (5) attempts to transfer the dealership (ora portion thereof) without authorization of the grantor; or (6) is insolvent,files or suffers to be filed against it any voluntary or involuntary bankruptcypetition, or makes an assignment for the benefit of creditors or similardisposition of assets of the dealer business.
(b) If the reason for termination, cancellation, ornonrenewal is nonpayment of sums due under the dealership, the dealers shall beentitled to written notice of such default, and shall have ten (10) days inwhich to cure such default from the date of such notice. A dealer has the rightto cure three (3) times in any twelve (12) month period during the period ofthe dealership agreement.
(c) If the reason for termination, cancellation or nonrenewalis for violation of any law, regulation or standard relating to public healthor safety the dealer shall be entitled to immediate written notice and shallhave twenty-four (24) hours to cure such violation.
