This law section establishes that franchised late model and factory repurchase motorcycle dealers in Virginia have rights and obligations similar to new motorcycle dealers. It also outlines grounds for the denial, suspension, or revocation of dealer licenses based on acts by officers, directors, or salespersons, including responsibility for their actions if approved or known by the licensee.
They have the same rights and obligations as franchised new motorcycle dealers under Virginia law.
Acts or omissions by officers, directors, or salespersons that would justify license denial, suspension, or revocation can lead to license action.
Yes, if the dealer approved or knew of the acts and benefited from them, they can be held responsible.
Licenses can be denied, suspended, or revoked if the dealer or associated persons commit acts that violate licensing laws or duties.