California Business and Professions Code

§ 22903.2

BPC § 22903.2 Effective Oct 7, 2005Div. 8 · Ch. 28

Statute text

(a)This section shall only apply to dealer contracts between a single-line dealer and its single-line supplier.

(b)No supplier may terminate a dealer contract without good cause. In addition to the definition in subdivision (l) of Section 22901, good cause exists whenever any one of the following is applicable:

(1)There has been a closeout or sale of 65 percent or more of the dealer’s assets related to the equipment business or there has been a commencement of a dissolution or liquidation of the dealer.

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Legislative history

Added by Stats. 2005, Ch. 712, Sec. 8. Effective October 7, 2005.