Oregon Statutes 650.440 – Grantors ownership, operation or control of dealership
(1) A grantor may not sell a recreational vehicle to or through a dealer without having entered into a dealership agreement with the dealer.
Terms Used In Oregon Statutes 650.440
- Grantor: The person who establishes a trust and places property into it.
- Person: includes individuals, corporations, associations, firms, partnerships, limited liability companies and joint stock companies. See Oregon Statutes 174.100
(2) A grantor may not own, operate or control a dealership in this state.
(3) Notwithstanding subsection (2) of this section, a grantor may own, operate or control a dealership in this state if:
(a)(A) The ownership, operation or control does not exceed a period of one year or, if the grantor can show good cause, two years; and
(B) The dealership is for sale at a reasonable price and under reasonable terms and conditions;
(b) The grantor has entered into a bona fide agreement with a person who, under the dealership agreement:
(A) Must make a significant investment, subject to loss, in the dealership; and
(B) May reasonably expect to acquire the dealership in a reasonable time and under reasonable terms and conditions; or
(c) The grantor owned, operated or controlled the dealership on January 1, 2003. [2003 c.377 § 15]