Maryland · Maryland Code — Transportation Article
Md. Code, Transp. § 15-1010: (a) (1) If a dealer desires to make a transfer in ownership by sale of the business assets, stock transfer, or any other method, the dealer shall give a manufacturer or distributor that has entered into a dealer agreement with the dealer written notice at least 10 business days before the transfer,
What this law says, in plain English
This statute establishes procedural requirements for dealer business transfers, including notice timelines, grounds for manufacturer/distributor objection, and succession planning for family members.
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