Wednesday, July 9, 2008
The General Assembly is now in session.
Tracking Virginia’s General Assembly
since 2007.
SB714: Petroleum products franchises; rights of dealers upon sale or assignment of franchise agreement.
Chief Patron
Sen.
Janet Howell (D-32)
Janet Howell
(D-32)
Served: 1992–
Progress
 |
Introduced |
|
Passed Committee |
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Passed House |
|
Passed Senate |
|
Signed by Governor |
|
Became Law |
Status
04/11/2008: signed by governor
Summary
Petroleum products franchises; rights of leasing franchisor. Prohibits a franchisor that owns a marketing premises that it leases to a petroleum products dealer or owns a leasehold interest in premises that are occupied by a dealer from selling, transferring, or assigning the franchisor’s interest in the premises to another person unless the franchisor has first either (i) made a bona fide offer to sell, transfer, or assign to the dealer the franchisor’s interest in the premises or (ii) if applicable, offered to the dealer a right of first refusal of any bona fide offer acceptable to the franchisor made by another person or party to purchase the franchisor’s interest in the premises.
View Full Text »Video
Votes were cast on this bill on the following dates for which Richmond Sunlight has video: 01/17/2008, 02/12/2008, 02/14/2008, 02/14/2008, 02/18/2008, 02/18/2008, 02/29/2008 and 03/11/2008.
Poll Results
1 vote
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Bill Text
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Comments
This bill insulates one class of business from competition and gives them privileges not enjoyed by any other petroleum marketer in Virginia.
If this bill passes, will the next step be to give every residential and commercial tenant in Virginia the right of first refusal to purchase properties they rent or lease?