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OK SB1603

Bill

Official Source

Status

Engrossed

3/11/2010

Primary Sponsor

Mike Thompson

Click for details

Origin

Senate

2010 Regular Session

AI Summary

  • Adds a new prohibited act for equipment suppliers: coercing equipment dealers into refusing to purchase equipment from competing manufacturers
  • Requires suppliers to provide dealers at least 3 years' notice if they want to mandate separate facilities, financial statements, or sales staff for major competing manufacturer products
  • Amends Title 15, Section 245A of Oklahoma Statutes regarding equipment dealer agreements and supplier conduct
  • Effective date: November 1, 2010

Legislative Description

Contracts; specifying restrictions. Effective date.

Business and Economic Development

Last Action

Second Reading referred to Economic Development and Financial Services

3/16/2010

Committee Referrals

Judiciary2/2/2010

Full Bill Text

No bill text available