Virginia law § 46.2-1573.6 grants manufacturers or distributors the right of first refusal when a recreational vehicle dealership is sold or transferred, under specific conditions. The manufacturer must notify the dealer within 45 days, ensure the financial terms are comparable or better, and cover reasonable expenses incurred by the new owner during negotiations. This law aims to regulate dealership transfers while protecting the interests of manufacturers and dealers.
It allows manufacturers or distributors to match a proposed sale or transfer of a dealership within 45 days, under certain conditions, before the sale is finalized.
The manufacturer must notify the dealer in writing within 45 days, ensure the sale offers equal or greater consideration, and agree to pay reasonable expenses incurred by the new owner.
It applies specifically to transfers conditioned on entering a new dealer agreement, excluding transfers to family members, qualified managers, or controlled entities.
Yes, the manufacturer must pay reasonable expenses, including attorney fees, incurred by the new owner prior to exercising the right of first refusal.