MS HB742

Creates the Recreational Vehicle Franchise Law establishing rights and responsibilities for manufacturers, distributors, and dealers in the recreational vehicle industry.

Requires written manufacturer-dealer agreements signed by both parties; manufacturers must designate exclusive sales territories that cannot be changed for one year without dealer consent.

Prohibits termination or non-renewal without good cause; requires 90 days' notice for good cause terminations (reduced to 30 days for felonies, abandonment, license suspension, or bankruptcy) and allows dealers 90 days to cure deficiencies.

Requires manufacturers to repurchase new unsold inventory at 100% of net invoice cost, undamaged accessories at 105% of net cost, and equipment purchased at manufacturer's request within five years, with payment within 45 days of termination.

Establishes warranty obligations including reasonable compensation for dealer warranty labor and parts at cost plus 30% handling charge; prohibits coercion of dealers and requires mediation before civil suits; allows family member succession unless manufacturer objects within 10 business days based on felony convictions, bankruptcy, or prior terminations.