{"data":{"id":"us-ky/krs-190.042","jurisdiction":"us-ky","citation":"KRS 190.042","heading":"Succession to ownership of a new motor vehicle dealership of a deceased or","body":"incapacitated owner.\n(1) Any owner of a new motor vehicle dealership may appoint by will, or any other\nwritten instrument, a designated family member to succeed in the  ownership\ninterest of the said owner in the new motor vehicle dealership.\n(2) Manufacturers shall permit an owner of a new motor vehicle dealership to propose\na successor addendum, which shall be subject to the requirements in this section.\n(3) Unless the re exists good cause for refusal to honor succession on the part of the\nmanufacturer or distributor, any designated family member of a deceased or\nincapacitated owner of a new motor vehicle dealership may succeed to the\nownership of the new motor vehicle d ealership under the existing franchise\nprovided that:\n(a) The designated family member gives the manufacturer or distributor written\nnotice of his or her intention to succeed to the ownership of the new motor\nvehicle dealership within ninety (90) days of t he owner's death or incapacity;\nand\n(b) The designated family member agrees to be bound by all the terms and\nconditions of the franchise.\n(4) The manufacturer or distributor may request, and the designated family member\nshall provide, promptly upon said re quest, personal and financial data that is\nreasonably necessary to determine whether the succession should be honored.","path":["KRS Chapter 190"],"source_url":"https://apps.legislature.ky.gov/law/statutes/statute.aspx?id=53606","current_through":"Includes enactments through the 2026 Regular Session","vintage":"09/05/2026","retrieved_at":"2026-09-05T20:51:45Z","sha256":"d88edd325b755b4b5268fae955b13020f61d2b352ca07d77ea6262b5665fcde7","source_id":"us-ky","stale":false,"prev":"us-ky/krs-190.041","next":"us-ky/krs-190.043"},"notice":"GroundRules: Original legal text. Not legal advice."}