SB534
Motor vehicle dealers; sale of franchise.
Status:
Enacted
Latest Action:
April 17, 2024
Governor: Acts of Assembly Chapter text (CHAP0791)
Chief Patron:
Lamont Bagby (D)
Session:
2024 Regular Session
Summary
As Passed House of Origin. Motor vehicle dealers; sale of franchise.
Changes the deadline for a vehicle manufacturer, factory branch, distributor, or distributor branch to reject the sale or transfer of a dealership from 30 days prior to the effective date of the sale or transfer to 60 days from the receipt of notice from the dealer of the proposed sale ... (More) or transfer and lists requirements for such notice from the dealer. The bill provides that an objection to a sale or transfer based on an applicant's years of motor dealer management experience is a reasonable objection but removes the right to object based on other applicant qualifications. The bill further provides that a franchisor's consent to a relocation of a business cannot be unreasonably withheld. This bill is identical to HB 191. (Less)-
Bill History
- 01/10/2024 - Senate: Prefiled and ordered printed; offered 01/10/24 24101314D
- 01/10/2024 - Senate: Referred to Committee on Transportation
- 01/25/2024 - Senate: Senate committee, floor amendments and substitutes offered
- 01/25/2024 - Senate: Reported from Transportation with substitute (15-Y 0-N)
- 01/25/2024 - Senate: Committee substitute printed 24106300D-S1
- 01/29/2024 - Senate: Constitutional reading dispensed (39-Y 0-N)
- 01/30/2024 - Senate: Read second time
- 01/30/2024 - Senate: Reading of substitute waived
- 01/30/2024 - Senate: Committee substitute agreed to 24106300D-S1
- 01/30/2024 - Senate: Engrossed by Senate - committee substitute SB534S1
- 01/31/2024 - Senate: Read third time and passed Senate (40-Y 0-N)
- 02/13/2024 - House: Placed on Calendar
- 02/13/2024 - House: Read first time
- 02/13/2024 - House: Referred to Committee on Transportation
- 02/22/2024 - House: Reported from Transportation (22-Y 0-N)
- 02/26/2024 - House: Read second time
- 02/27/2024 - House: Read third time
- 02/27/2024 - House: Passed House BLOCK VOTE (97-Y 0-N)
- 02/27/2024 - House: VOTE: Block Vote Passage (97-Y 0-N)
- 03/04/2024 - Senate: Enrolled
- 03/04/2024 - Senate: Bill text as passed Senate and House (SB534ER)
- 03/04/2024 - House: Signed by Speaker
- 03/05/2024 - Senate: Impact statement from DPB (SB534ER)
- 03/07/2024 - Senate: Signed by President
- 03/11/2024 - Senate: Enrolled Bill Communicated to Governor on March 11, 2024
- 03/11/2024 - Governor: Governor's Action Deadline 11:59 p.m., April 8, 2024
- 04/05/2024 - Senate: Governor's recommendation received by Senate
- 04/17/2024 - Senate: Senate concurred in Governor's recommendation (40-Y 0-N)
- 04/17/2024 - House: House concurred in Governor's recommendation BLOCK VOTE (97-Y 0-N)
- 04/17/2024 - House: BLOCK VOTE: (97-Y 0-N)
- 04/17/2024 - Governor: Governor's recommendation adopted
- 04/17/2024 - Senate: Reenrolled
- 04/17/2024 - Senate: Reenrolled bill text (SB534ER2)
- 04/17/2024 - Senate: Signed by President as reenrolled
- 04/17/2024 - House: Signed by Speaker as reenrolled
- 04/17/2024 - House: Enacted, Chapter 791 (effective 7/1/24)
- 04/17/2024 - Governor: Acts of Assembly Chapter text (CHAP0791)
