Virginia Petroleum Products Franchise Act; right of first refusal. (HB1065)

Introduced By

Del. Tim Hugo (R-Centreville) with support from co-patron Del. Dave Albo (R-Springfield)

Progress

Introduced
Passed Committee
Passed House
Passed Senate
Signed by Governor
Became Law

Description

Virginia Petroleum Products Franchise Act; right of first refusal. Grants franchise service station dealers the first right of refusal to purchase their business when the station's franchisor attempts to sell the business. A franchisor that owns or leases as lessee a leased marketing premises is prohibited from selling, transferring, or assigning the franchisor's interest in the premises 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, with certain exceptions, or (ii) offered to the dealer a right of first refusal of any bona fide offer acceptable to the franchisor made by another person to acquire the franchisor's interest in the premises. The measure applies to the sale, assignment, or transfer of a franchisor's interest in a leased marketing premises located only in Planning District 8. Amends § 59.1-21.9, of the Code of Virginia. Read the Bill »

Outcome

Bill Has Passed

History

DateAction
01/08/2014Committee
01/08/2014Presented and ordered printed 14101073D
01/08/2014Referred to Committee on Commerce and Labor
01/23/2014Reported from Commerce and Labor with amendments (20-Y 0-N) (see vote tally)
01/27/2014Read first time
01/28/2014Read second time
01/28/2014Committee amendments agreed to
01/28/2014Engrossed by House as amended HB1065E
01/28/2014Printed as engrossed 14101073D-E
01/29/2014Read third time and passed House BLOCK VOTE (99-Y 0-N)
01/29/2014VOTE: BLOCK VOTE PASSAGE (99-Y 0-N) (see vote tally)
01/30/2014Constitutional reading dispensed
01/30/2014Referred to Committee on Commerce and Labor
02/17/2014Reported from Commerce and Labor (16-Y 0-N) (see vote tally)
02/19/2014Constitutional reading dispensed (40-Y 0-N)
02/20/2014Read third time
02/20/2014Passed Senate (40-Y 0-N)
02/24/2014Enrolled
02/24/2014Bill text as passed House and Senate (HB1065ER)
02/24/2014Signed by Speaker
02/26/2014Signed by President
03/07/2014G Approved by Governor-Chapter 222 (effective 7/1/14)
03/07/2014G Acts of Assembly Chapter text (CHAP0222)