Tex. Bus. & Com. Code § 57.052

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

Section 57.052 - Change in Ownership or Financial Structure

A supplier may not prevent, by contract or otherwise, a dealer from changing its capital structure or the means by or through which the dealer finances its operations, if:

(1) the dealer gives prior notice of the change to the supplier; and

(2) the dealer at all times meets any reasonable capital standards required by the supplier pursuant to a right granted in the dealer agreement and imposed on similarly situated dealers.

Tex. Bus. and Comm. Code § 57.052

Added by Acts 2011, 82nd Leg. - Regular Session, ch. 1039,Sec. 2, eff. 9/1/2011.