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Tex. Occupations Code § 2301.457

PROHIBITION: CHANGE OF FRANCHISED DEALER'S CAPITAL STRUCTURE

Texas · Texas Occupations Code · Status: effective

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Tex. Occupations Code § 2301.457, PROHIBITION: CHANGE OF FRANCHISED DEALER'S CAPITAL STRUCTURE, Texas, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/704841
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Notwithstanding the terms of any franchise, a manufacturer, distributor, or representative may not prevent a franchised dealer who meets reasonable capital requirements from reasonably changing: (1) the capital structure of the dealership; or (2) the means by or through which the dealer finances the operation of the dealership.