SENATE BILL 708

File Code: Commercial Law - Generally Prior Year Introduction As: SB 589/01 - FIN

Sponsored By:

Senator Colburn

Entitled:

Commercial Law - Personal Power Sports Dealers and Distributors - Right of Succession

Synopsis:

Authorizing a personal power sports dealer or distributor to request a right of succession for a family member for a dealership or distributorship from a supplier; requiring that a personal power sports dealer or distributor provide specified information to the supplier when submitting a succession request; requiring a supplier to grant or deny a succession request within 90 days of receipt of the request; requiring that a supplier may deny a succession request only for good cause; etc.

History by Legislative Date

Senate Action

2/1

First Reading Finance

2/6

Hearing 3/12 at 1:00 p.m.

2/26

Hearing cancelled

Hearing 3/13 at 1:00 p.m.

3/19

Unfavorable Report by Finance

House Action

No Action

Bill indexed under the following Subjects:

COMMERCE AND BUSINESS -see also- DEALERS; TRADERS; etc

CONTRACTS -see also- LAND INSTALLMENT CONTRACTS; PROCUREMENT

DEALERS -see also- MOTOR VEHICLE DEALERS AND SALESMEN

EQUIPMENT -see also- MOTOR VEHICLE EQUIPMENT

ESTATES AND TRUSTS

FRANCHISES

MOTOR VEHICLES -see also- ABANDONED; AMBULANCES; BUSES; etc.

MOTOR VEHICLE DEALERS AND SALESMEN

OFF-ROAD VEHICLES

SPORTS -see also- RECREATION; STADIUMS

Bill affects the following Statutes:

Commercial Law

( 19.5-101 , 19.5-102 , 19.5-103 , 19.5-104 )

Documents:

Bill Text: First Reading (PDF), Third Reading, Enrolled

Fiscal Note: Available (PDF)

Amendments: None offered