Assumption of provisions of franchise agreement by successor required.

NRS 482.36399, under MOTOR VEHICLES AND TRAILERS: LICENSING, REGISTRATION, SALES AND LEASES.

NRS 482.36399

NRS 482.36399 Assumption of provisions of franchise agreement by successor required. Unless the manufacturer or distributor otherwise agrees in writing, a successor in interest may not operate under the franchise agreement until all provisions of the agreement have been expressly assumed by the successor, including, but not limited to: 1. Leases; 2. Agreements relating to products; 3. Agreements relating to loaned equipment; 4. Agreements to comply with federal and state environmental law; 5. Licenses; and 6. Permits relating to taxes. (Added to NRS by 1985, 1830)