Bill Summary
SB 1562 Motor Vehicle Manufacturers, Importers, and Distributors and Franchised Motor Vehicle Dealers (2026 Session)
Motor Vehicle Manufacturers, Importers, and Distributors and Franchised Motor Vehicle Dealers; Authorizing licensees to reject the succession to interest in a franchise agreement of a motor vehicle dealer under certain circumstances; prohibiting a licensee from distributing more than a specified percentage of a specified number of motor vehicles of a particular line-make during a certain period to one motor vehicle dealer or dealers that share common ownership or control; authorizing a licensee to reject a sale, transfer, alienation, or other disposition of a franchise agreement or an equity interest in a motor vehicle dealer under certain circumstances, etc. Effective Date: 7/1/2026
01/09/26
SENATE
Filed
01/16/26
SENATE
Referred to Transportation; Commerce and Tourism; Rules
02/05/26
SENATE
On Committee agenda - Transportation, 02/10/26, 12:00 pm, 37 S
02/10/26
SENATE
Favorable by Transportation; 7 Yeas, 0 Nays
02/10/26
SENATE
Now in Commerce and Tourism
02/10/26
SENATE
On Committee agenda - Commerce and Tourism, 02/11/26, 9:00 am, 110 S
02/11/26
SENATE
Favorable with CS by Commerce and Tourism; 9 Yeas, 1 Nay
02/11/26
SENATE
Committee Substitute Text (C1) Filed
02/12/26
SENATE
Now in Rules
320.64
320.643
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