Tex. Occ. Code § 2301.457

Current with legislation from the 2023 Regular and Special Sessions signed by the Governor as of November 21, 2023.

Section 2301.457 - Prohibition: Change of Franchised Dealer's Capital Structure

Notwithstanding the terms of any franchise, a manufacturer, distributor, or representative may not prevent a franchised dealer who meets reasonable capital requirements from reasonably changing:

(1) the capital structure of the dealership; or

(2) the means by or through which the dealer finances the operation of the dealership.

Tex. Occ. Code § 2301.457

Added by Acts 2001, 77th Leg., ch. 1421, Sec. 5, eff. 6/1/2003.