Skip to main content
CourtGPT logoCourtGPT
Directory
Law
For Attorneys
Blog
AppointmentsSign InSign Up
Section 10-1-734 - Transfer of business, stock, or other interest in dealership — Georgia Law | CourtGPT
  1. Home/
  2. Laws/
  3. Georgia/
  4. Title 10 - Commerce and Trade/
  5. Chapter 1 - Selling and Other Trade Practices (§§ 10-1-1 — 10-1-945)/
  6. Article 26 - Multiline Heavy Equipment Dealers/
  7. Section 10-1-734 - Transfer of business, stock, or other interest in dealership
Georgia Legal Code

Section 10-1-734 - Transfer of business, stock, or other interest in dealership

Ask AI about this
(a) No supplier shall unreasonably withhold or delay consent to any transfer of the multiline dealer's business or transfer of the stock or other interest in the dealership whenever the transferee meets the material and reasonable qualifications and standards required in supplying its multiline dealers. Should a supplier determine that a proposed transferee does not meet its qualifications and standards, it shall give the multiline dealer written notice thereof, stating the specific reasons for withholding consent. No prospective transferee shall be disqualified to be a multiline dealer because it is a publicly held corporation. A supplier shall have 45 days to consider a multiline dealer's request to make a transfer under this subsection.(b) Whenever a transfer of a multiline dealer's business occurs, the transferee shall assume all the obligations imposed on and succeed to all the rights held by the selling multiline dealer by virtue of any agreement consistent with this article between the selling multiline dealer and one or more suppliers entered into prior to the transfer.(c) In any dispute as to whether a supplier has denied consent in violation of this Code section, the

between the selling multiline dealer and one or more suppliers entered into prior to the transfer.(c) In any dispute as to whether a supplier has denied consent in violation of this Code section, the supplier shall have the burden of proving a substantial and reasonable justification for the denial of consent.