46.2-1973 - Filing of franchises. - Virginia Statutes

§ 46.2-1973. Filing of franchises.

Each T&M vehicle manufacturer, factory branch, distributor, distributorbranch, or subsidiary thereof shall file with the Commissioner a true copy ofeach new, amended, modified, or different form or addendum offered to morethan one dealer which affects the rights, responsibilities, or obligations ofthe parties of a franchise or sales, service, or sales and service agreementto be offered to a T&M vehicle dealer or prospective T&M vehicle dealer inthe Commonwealth no later than sixty days prior to the date the franchise orsales agreement is offered. In no event shall a new, amended, modified, ordifferent form of franchise or sales, service, or sales and service agreementbe offered a T&M vehicle dealer in the Commonwealth until the form has beendetermined by the Commissioner as not containing terms inconsistent with theprovisions of this chapter. At the time a filing is made with theCommissioner pursuant to this section, the manufacturer, factory branch,distributor, distributor branch, or subsidiary shall also give written noticetogether with a copy of the papers so filed to the affected dealer or dealers.

(1995, cc. 767, 816.)