§ 339-c-13

339-C:13 Election to Assume a Franchise. – A designated successor is allowed 21 days after the death of the dealer to send written notice to the supplier of an election to assume and operate the franchise. The notice shall contain information reasonably required by the supplier regarding business experience and financial responsibility. The successor shall offer to assume the franchise 3 days, not including Saturdays, Sundays or state holidays, after the election and shall begin operation of the franchise within 7 days after it has been assumed. Source. 1983, 456:2, eff. Oct. 1, 1983.