Notwithstanding any other provision of law, it is unlawful for the manufacturer, wholesaler, distributor or franchisor without due cause to fail to renew a franchise on terms then equally available to all its personal sports mobile dealers, to terminate a franchise or to restrict the transfer of a franchise unless the franchisee receives fair and reasonable compensation for the value of the business.
Me. Rev. Stat. tit. 10, § 1250-A
Franchise interest; vested rights
Known as the Personal Sports Mobile Business Practices Act
The act spans §§ 1241 to 1250-K (22 sections).
PL 1997, c. 473, §3 (NEW).
Official source: Maine Legislature. Reproduced from public-domain Maine statutes; confirm against the official source for the current text. Not legal advice.