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MS HB1355
Bill
Status
Failed
3/2/2010
Primary Sponsor
Warner McBride
Click for details
AI Summary
- Authorizes the Mississippi Motor Vehicle Commission to enforce provisions and resolve disputes between new motor vehicle dealers and manufacturers/distributors regarding the return of vehicle inventory, parts, equipment, tools, and signs upon termination or nonrenewal of a franchise
- Requires new motor vehicle dealers to return property to the manufacturer or distributor within 90 days of the effective date of franchise termination or nonrenewal
- Requires manufacturers or distributors to repurchase and remit payment within 60 days of tender for new unsold vehicle inventory (current or prior model year), new unused parts at current catalog prices plus 5% for packing/return costs, and special tools and signage at fair market value
- Prohibits the Mississippi Motor Vehicle Commission from regulating specialty vehicles as defined in Section 63-17-55, including any similar limited purpose vehicles determined by the commission to be specialty vehicles on or before the bill's effective date
- Amends Section 63-17-141, Mississippi Code of 1972, and takes effect immediately upon passage
Legislative Description
Motor Vehicle Commission; authorize enforcement of provisions regarding return of inventory upon termination of franchise.
Last Action
Died In Committee
3/2/2010
Full Bill Text
No bill text available