Tex. Occ. Code § 2301.457 · Subchapter J. MANUFACTURERS, DISTRIBUTORS, AND REPRESENTATIVES

PROHIBITION: CHANGE OF FRANCHISED DEALER'S CAPITAL STRUCTURE.

Verbatim from the official edition

Text — Current through the 89th 2nd Called Legislative Session, 2025

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.

Notes and commentary — not statutory text

History

Added by Acts 2001, 77th Leg., ch. 1421, Sec. 5, eff. June 1, 2003.

Source of truth

Edition: Current through the 89th 2nd Called Legislative Session, 2025
Official file: https://statutes.capitol.texas.gov/Docs/OC/htm/OC.2301.htm
Text hash: sha256 6704ff3343adbe6c1ef5ea23f9af5bb877896c6955f1b8d61c4607a8f179f1c1
Composed by: compose_tx.py 2026-10-05: the Legislative Council's chapter files read in document order; verify_tx.py's independent reading (lxml DOM walk) agrees character for character

Procedural information only. Not legal advice and not a substitute for the advice of an attorney. Confirm the current text with the official publisher before relying on it.