Dealerships for farm implements, industrial maintenance, construction power equipment and outdoor power equipment
When someone wants to sell or hand over part of their farm, construction, or outdoor power equipment dealership to another person, the manufacturer or distributor gets 90 days to decide if that's okay. The dealer has to give the manufacturer basic info about the new person, like their finances and work history. If the manufacturer says no, they have to put that decision in writing and explain why.
407.307. s for farm implements, industrial , power equipment and outdoor power equipment — changes in ownership, rights of the . — 1. The of this section shall apply to:
(1) Farm implement dealerships, as provided in sections 407.838 to 407.880;
(2) Industrial maintenance and construction power equipment dealerships, as provided in sections 407.750 to 407.756; and
(3) Outdoor power equipment dealerships, as provided in sections 407.890 to 407.898.
2. A , or shall have ninety days in which to consider and make a on a request by a to sell or any portion of his or her business ownership to another or to enter into an agreement to operate the dealership with another party. The dealer/retailer's request shall include the reasonable financial , personal background, character references and work histories as required by the manufacturer to render such a determination. In the event the manufacturer or distributor that the request is not acceptable, the manufacturer or distributor shall provide the dealer/retailer with a written notice of its determination with the stated reasons for nonacceptance.
Tap any gold-underlined word to see what it means.
Red section numbers link to that law.
Source & history notes
(L. 1998 S.B. 626)
Related Missouri laws
Bronze statuary, receptacles or memorials, record of purchase required of collectors and dealers
RSMo 407.305
Advertising restrictions
RSMo 407.309
Scrap metal dealers
RSMo 407.303
Metal belonging to various entities
RSMo 407.302
Metal beer keg, prohibition on purchase or possession by scrap metal dealer
RSMo 407.301
Certain materials, collectors and dealers to keep register, information required
RSMo 407.300
Legal information, not legal advice. Always confirm with the official source at revisor.mo.gov.