56:10-20 - Rights of franchisor - New Jersey Statutes

56:10-20.      Rights of franchisor 
  5.     The provisions of sections 3 and 4 of P.L.1982, c.156 (C.56:10-18 and 56:10-19) notwithstanding, a motor vehicle franchisor may: 

a.     Permit an existing franchisee to relocate his franchise within two miles of the franchisee's existing franchise location, except that a franchise may not be relocated pursuant to this subsection unless at least five years have elapsed since any previous relocation pursuant to this subsection; 

b.     Reopen or reactivate a franchise or business which has not been in operation for a period of two years or less at a site within two miles of the prior site; or 

c.     Permit the purchaser of a controlling interest in the shares or substantially all of the operating assets of an existing franchise to relocate the place of business of the franchise within two miles of the previously approved franchise location within 180 days of the date of purchase. 

L.1982,c.156,s.5; amended 1991,c.460; 1993,c.189,s.3.