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Tex. Occ. Code § 2301.457

PROHIBITION: CHANGE OF FRANCHISED DEALER'S CAPITAL STRUCTURE

Added by Acts 2001, 77th Leg., ch. 1421, Sec. 5, eff

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.

Official source: Texas Constitution and Statutes. Reproduced from public-domain Texas statutes; confirm against the official source for the current text. Not legal advice.