Texas Administrative Code
Title 43 - TRANSPORTATION
Part 10 - TEXAS DEPARTMENT OF MOTOR VEHICLES
Chapter 215 - MOTOR VEHICLE DISTRIBUTION
Subchapter C - FRANCHISED DEALERS, MANUFACTURERS, DISTRIBUTORS, AND CONVERTERS
Section 215.116 - Franchised Dealership Lease or Sublease Listing
Universal Citation: 43 TX Admin Code ยง 215.116
Current through Reg. 49, No. 38; September 20, 2024
A franchised dealer that lists its dealership for lease or sublease to mitigate damages in accordance with Occupations Code, § 2301.4651(e) is required to list:
(1) the entire real property if the termination or discontinuance effectively terminates all line-makes and all franchises for the entire dealership; or
(2) only that portion of the real property associated with the terminated line-make or franchise, if the termination or discontinuance does not affect all line-makes and all franchises of the dealership.
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