Motor vehicle dealers; manufacturers and factory branch transfers, etc. (HB2174)

Introduced By

Del. Jason Miyares (R-Virginia Beach)

Progress

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

Description

Motor vehicle dealers and manufacturers. Provides that if a motor vehicle manufacturer or factory branch transfers or discontinues its right to manufacture a line-make of motor vehicles, all franchises granted to motor vehicle dealers by that manufacturer in the Commonwealth shall continue in full force, with modification to reflect that the new manufacturer of that line-make of motor vehicles will be substituted for the prior manufacturer. The bill provides that a manufacturer or distributor's right to first refusal in the event of a proposed sale or transfer of a dealership does not apply if such sale or transfer is not to a dealer licensed anywhere in the United States as a dealer holding a franchise from any manufacturer or to a distributor licensed as a manufacturer or distributor in the Commonwealth. The bill expands the events in which a manufacturer or distributor may exercise a right to first refusal to include when there is a proposed change in management of a dealership. Amends § 46.2-1569.1, § 46.2-1570, of the Code of Virginia. Read the Bill »

Status

01/14/2019: Awaiting a Vote in the Transportation Committee

History

DateAction
01/08/2019Committee
01/08/2019Prefiled and ordered printed; offered 01/09/19 19101456D
01/08/2019Referred to Committee on Transportation
01/14/2019Assigned Transportation sub: Subcommittee #3

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