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Tex. Business & Commerce Code § 57.052

CHANGE IN OWNERSHIP OR FINANCIAL STRUCTURE

Texas · Texas Business & Commerce Code · Status: effective

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Tex. Business & Commerce Code § 57.052, CHANGE IN OWNERSHIP OR FINANCIAL STRUCTURE, Texas, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/630747
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A supplier may not prevent, by contract or otherwise, a dealer from changing its capital structure or the means by or through which the dealer finances its operations, if: (1) the dealer gives prior notice of the change to the supplier; and (2) the dealer at all times meets any reasonable capital standards required by the supplier pursuant to a right granted in the dealer agreement and imposed on similarly situated dealers.