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Oklahoma · Snapshot open-us-law v2026.08, retrieved 2026-09-14

Okla. Stat. tit. 63, § 63-4038: Designated successor of deceased or incapacitated new

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Where this section sits in the code
  1. OK Code
  2. Title 63

vessel dealer - Continuation of existing dealer agreement - Refusal

to honor succession - Notice.

A. A designated successor of a deceased or incapacitated new

vessel dealer may succeed the dealer in the ownership or operation

of the dealership under the existing dealer agreement, if the

designated successor gives the manufacturer or distributor written

notice of his intention to succeed to the dealership within sixty

(60) days after the dealer's death or incapacity and agrees to be

bound by all of the terms and conditions of the dealer agreement. A

manufacturer or distributor may refuse to honor the existing dealer

agreement with the designated successor for good cause or criteria

agreed to in the existing dealer agreement, and may require the

designated successor to supply personal and financial data necessary

to determine whether the existing dealer agreement should be

honored.

B. Within sixty (60) days after receiving the notice of the

designated successor's intent to succeed the dealer in the ownership

and operation of the dealership or within sixty (60) days after

receiving the requested personal and financial data, whichever last

occurs, if a manufacturer or distributor believes that good cause or

other criteria exists for refusing to honor the succession, the

manufacturer or distributor may serve upon the designated successor

notice of its refusal to approve the succession.

Collected 2026-09-14T18:32:36Z. Source file · JSON

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