South Carolina Code 56-15-100. Discounts, refunds, and other inducements to dealers
Current as of: 2023 | Check for updates
|
Other versions
Terms Used In South Carolina Code 56-15-100
- Motor vehicle: means any motor driven vehicle required to be registered pursuant to § 56-3-110. See South Carolina Code 56-15-10
- Relevant market area: means :
(1) an area within a ten mile radius around an existing dealer, for purposes of the relocation of an existing dealership; and
(2) an area within a fifteen mile radius around an existing dealer, for purposes of the addition of a new dealer to the market. See South Carolina Code 56-15-10 - Sale: shall include the issuance, transfer, agreement for transfer, exchange, pledge, hypothecation, mortgage in any form, whether by transfer in trust or otherwise, of any motor vehicle or interest therein or of any franchise related thereto; and any option, lease, subscription or other contract, or solicitation, looking to a sale, or offer or attempt to sell in any form, whether spoken or written. See South Carolina Code 56-15-10
In connection with a sale of a motor vehicle or vehicles to the State or to any political subdivision thereof, no manufacturer, distributor or wholesaler shall offer any discounts, refunds or any other similar type of inducement to any dealer without making the same offer or offers to all other of its dealers within the relevant market area, and if such inducements are made, the manufacturer, distributor or wholesaler shall give simultaneous notice thereof to all of its dealers within the relevant market area who have requested such notice.