32-6B-81. Manufacturer or franchisor may own or operate for limited period--Conditions.

A manufacturer or franchisor may own an interest in a franchised vehicle dealer, or otherwise control a dealership, for a period not to exceed twelve months from the date the manufacturer or franchisor acquires the dealership if:

(1)    The person from whom the manufacturer or franchisor acquired the dealership was a franchised dealer; and

(2)    The dealership is for sale by the manufacturer or franchisor at a reasonable price and on reasonable terms and conditions.

Source: SL 2000, ch 151, § 3.