Usufruct
R.S. 51:488

Repurchase from heirs upon death of dealer ACTIVE

Upon the death of the dealer, or the majority stockholder in a corporation operating a retail dealership under a contract as provided in R.S. 51:481, the heir or heirs of the dealer or stockholder shall have one year to exercise the options provided by this Part to the dealer, upon the same terms and conditions applicable to the dealer.

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JSON Markdown Source (legis.la.gov)

References

Cited by

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History

  • enactment Acts 1991, No. 627, §1

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Cite R.S. 51:488

Bluebook
La. Rev. Stat. Ann. § 51:488 (2026).
Permalink
https://theusufruct.com/rs/title-51/section-488
BibTeX
@misc{larevstat-51-488,
  title        = {La. Rev. Stat. Ann. § 51:488},
  howpublished = {Louisiana Revised Statutes},
  year         = {2026},
  url          = {https://theusufruct.com/rs/title-51/section-488},
  note         = {Snapshot 2026-05-22}
}