Approval may not be unreasonably withheld

Approval by a manufacturer or franchisor of an application filed under §§ 32-6B-73 to 32-6B-78 , inclusive, may not be unreasonably withheld. It is unreasonable for a manufacturer or franchisor to reject a prospective transferee who otherwise meets the manufacturer's or franchisor's written, reasonable, and uniformly applied standards or qualifications, if any, relating to the prospective transferee's business experience and financial qualifications. Source: SL 2000, ch 150, § 4; SL 2002, ch 153, § 2.