Texas Occupations Code 2301.457 – Prohibition: Change of Franchised Dealer’s Capital Structure
Current as of: 2024 | Check for updates
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Notwithstanding the terms of any franchise, a manufacturer, distributor, or representative may not prevent a franchised dealer who meets reasonable capital requirements from reasonably changing:
(1) the capital structure of the dealership; or
(2) the means by or through which the dealer finances the operation of the dealership.