SB267 Alabama 2010 Session

This bill would amend the Motor Vehicle Franchise Act; would conform the definition of "new vehicle" in franchise law to the definition in title law; would alter the buy back requirement; would redefine net repurchase price to include transportation charges; would require repurchase of certain parts inventory, special tools, equipment, and signs; would provide further for the operation of more than one franchise at one facility; would provide for the payment on leases of computers or software; would require the manufacturer to pay for certain upgrades or alterations; would require payment for good will; would alter the "reasonable facilities requirement"; would provide further for audits, vehicle exports, termination assistance on elimination of certain lines, and industry reorganization; and would prohibit a manufacturer from engaging in unreasonable actions

To amend Sections 8-20-3, 8-20-4, 8-20-5, and 8-20-7, Code of Alabama 1975, relating to the Motor Vehicle Franchise Act; to conform the definition of "new vehicle" in franchise law to the definition in title law; to alter the buy back requirement; to redefine net repurchase price to include transportation charges; to require repurchase of certain parts inventory, special tools, equipment, and signs; to provide further for the operation of more than one franchise at one facility; to provide for the payment on leases of computers or software; to require the manufacturer to pay for certain upgrades or alterations; to require payment for good will; to alter the "reasonable facilities requirement"; to provide further for audits, vehicle exports, termination assistance on elimination of certain lines, and industry reorganization; and to prohibit a manufacturer from engaging in unreasonable actions.