TITLE XXXI
TRADE AND COMMERCE

CHAPTER 339-C
REGULATION OF GASOLINE FRANCHISES

Sale, Transfer or Assignment of a Franchise

Section 339-C:20

    339-C:20 Transfer Fee. – If a supplier consents to a proposed sale, transfer or assignment of a franchise, the supplier may require the dealer to pay a transfer fee to the supplier. The transfer fee shall be reasonable in relationship to the sale price of the franchise and shall not exceed one percent of the gross sale price. The transfer fee may not be required to frustrate a proposed sale, transfer or assignment.

Source. 1983, 456:2, eff. Oct. 1, 1983.