Tex. Bus. & Com. Code Section 57.102
Approval of Sale or Transfer of Business at Dealer’s Request

(a)

This section applies only to a dealer agreement that is not a single-line dealer agreement.

(b)

If a supplier has contractual authority to approve or deny a request for the sale or transfer of a dealer’s business or an equity ownership interest in the dealer’s business, a dealer may request that the supplier approve or deny a request for the sale or transfer of a dealer’s business or an equity ownership interest in the dealer’s business to a proposed buyer or transferee. The dealer’s request must be in writing and must include character references and reasonable financial, personal background, and work history information with respect to the proposed buyer or transferee.

(c)

Not later than the 60th day after receipt of a request under Subsection (b), the supplier shall either approve the sale or transfer or send a written response to the dealer stating the supplier’s denial of the request and the specific reasons for the denial. The request is considered approved if the supplier does not approve or deny the request by the deadline.

(d)

A supplier may deny a request made under this section only if the proposed buyer or transferee fails to meet the reasonable requirements consistently imposed by the supplier for purposes of determining whether to approve a new dealer or a request for approval of a sale or transfer of a dealer’s business or equity ownership in the dealer’s business.
Added by Acts 2011, 82nd Leg., R.S., Ch. 1039 (H.B. 3079), Sec. 2, eff. September 1, 2011.

Source: Section 57.102 — Approval of Sale or Transfer of Business at Dealer's Request, https://statutes.­capitol.­texas.­gov/Docs/BC/htm/BC.­57.­htm#57.­102 (accessed Jun. 5, 2024).

57.001
Short Title 57.002
Definitions 57.003
Waiver of Chapter Void 57.051
Certain Provisions Void 57.052
Change in Ownership or Financial Structure 57.053
Release of Liability Prohibited 57.101
Transfer of Interest in Dealership by Succession 57.102
Approval of Sale or Transfer of Business at Dealer’s Request 57.103
Approval of Sale or Transfer of Business at Request of Personal Representative 57.151
Applicability of Subchapter 57.152
Termination by Dealer 57.153
Termination by Supplier 57.154
Good Cause Determination 57.155
Notice of Termination 57.201
Applicability of Subchapter 57.202
Termination by Supplier 57.203
Good Cause Determination 57.204
Notice of Termination 57.205
Notice of Termination Not Required Under Certain Circumstances 57.251
Definition of Terminate and Termination 57.252
Applicability of Subchapter 57.253
Warranty Claim 57.254
Resubmission of Warranty Claim 57.255
Payment of Warranty Claim 57.256
Warranty Claim for Certain Repair Work or Installation of Replacement Parts 57.257
Audit of Warranty Claims 57.258
Alternate Reimbursement Terms Enforceable 57.301
Coerced Orders, Deliveries, or Refusals to Purchase 57.302
Conditional Purchases of Goods and Services 57.303
Equipment Represented as Available for Immediate Delivery 57.304
Discrimination in Orders 57.305
Discrimination in Prices of New Equipment 57.351
Definition of Terminate and Termination 57.352
Applicability of Subchapter to Several Business Locations Covered by Same Agreement 57.353
Payments or Credits 57.354
Late Payment or Credit 57.355
Liability 57.356
Construction of Subchapter 57.357
Agreement Terminated by Dealer 57.358
Exceptions 57.401
Civil Action 57.402
Choice of Remedies
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Accessed:
Jun. 5, 2024

§ 57.102’s source at texas​.gov