SB 534 Virginia Senate · 2024 Regular Session

Motor vehicle dealers; sale of franchise.

Summary
Motor vehicle dealers; sale of franchise. Changesthe deadline for a vehicle manufacturer, factory branch, distributor,or distributor branch to reject the sale or transfer of a dealershipfrom 30 days prior to the effective date of the sale or transferto 60 days from the receipt of notice from the dealer of the proposedsale or transfer and lists requirements for such notice from thedealer. The bill provides that an objection to a sale or transferbased on an applicant's years of motor dealer management experienceis a reasonable objection but removes the right to object based onother applicant qualifications. The bill further provides that a franchisor's consent to a relocation of a business cannot be unreasonably withheld. Finally, the bill entitles dealers and applicants forsale or transfer to damages if a manufacturer, factory branch, distributor,or distributor branch willfully engages in prohibited conduct.
Bill status signed all 5 stages cleared
Introduction
Jan 2024
Committee Review
Feb 2024
Senate Passage
Apr 2024
House of Delegates Passage
Apr 2024
Signed into Law
Apr 2024
Introduced Jan 10, 2024 Signed Apr 17, 2024
Floor votes · Senate Jan 31, 2024 · House of Delegates Feb 27, 2024

How they voted

400
Passed
Total votes 40
Jan 31, 2024
D Democratic21
21 Yea
100% Yea
R Republican19
19 Yea
100% Yea
Vote distribution
All Yea All Nay Mixed No data
Full legislative history

Actions timeline

Total actions
37
Key actions
12
Committee
5
Apr 17, 2024
Signed into law
Governor's recommendation adopted
executive
Apr 17, 2024
Lower · Passed
House concurred in Governor's recommendation BLOCK VOTE (97-Y 0-N)
lower
Apr 17, 2024
Upper · Passed
Senate concurred in Governor's recommendation (40-Y 0-N)
upper
Apr 5, 2024
Vetoed
Governor's recommendation received by Senate
upper
Mar 7, 2024
Upper · Passed
Signed by President
upper
Mar 4, 2024
Lower · Passed
Signed by Speaker
lower
Mar 4, 2024
Upper · Passed
Bill text as passed Senate and House (SB534ER)
upper
Feb 27, 2024
Lower · Passed
VOTE: Block Vote Passage (97-Y 0-N)
lower
Feb 27, 2024
Lower · Passed
Passed House BLOCK VOTE (97-Y 0-N)
lower
Feb 22, 2024
Lower · Passed
Reported from Transportation (22-Y 0-N)
lower
Feb 13, 2024
Committee
Referred to Committee on Transportation
lower
Jan 31, 2024
Upper · Passed
Read third time and passed Senate (40-Y 0-N)
upper
Jan 25, 2024
Upper · Passed
Reported from Transportation with substitute (15-Y 0-N)
upper
Jan 25, 2024
Upper · Passed
Senate committee, floor amendments and substitutes offered
upper
Jan 10, 2024
Committee
Referred to Committee on Transportation
upper
1 primary · 0 co-sponsors

Sponsors

Role
Legislator
Party
State
District
P
Photo of Lamont Bagby
Lamont Bagby
DDemocratic
VA
14