NRS 597.420
Effect of failure to serve notice.

The failure of a refiner to serve notice upon a retailer or wholesale purchaser as required in NRS 597.410 constitutes a grant of the option by the refiner to the retailer or wholesale purchaser to renew the franchise or contract for a period of 1 year under the same price, rent, terms and conditions as the expiring agreement. The option expires 45 days after the date when notice should have been served, unless exercised by written notice to the refiner.

Source: Section 597.420 — Effect of failure to serve notice., https://www.leg.state.nv.us/NRS/NRS-597.html#NRS597Sec420.

597.270
Definitions. 597.280
“Affiliate” defined. 597.290
“Control” defined. 597.300
“Franchise” and “franchise agreement” defined. 597.305
“Lessee dealer” defined. 597.310
“Marketing area” defined. 597.320
“Motor vehicle fuel” defined. 597.330
“Price” defined. 597.340
“Refiner” defined. 597.350
“Refinery” defined. 597.360
“Retailer” defined. 597.370
“Service station” defined. 597.380
“Wholesale purchaser” defined. 597.390
Prohibited practices of refiners. 597.400
Circumstances under which fair compensation is required on failure of refiner to renew franchise. 597.410
Required notice of termination, cancellation or failure to renew franchise or contract. 597.420
Effect of failure to serve notice. 597.430
Manner of giving notice. 597.440
Restrictions on refiner’s operation of service stations. 597.450
Temporary operation of service station by refiner 597.460
Refiner’s failure to act in good faith or use of undue influence prohibited. 597.470
Judicial relief

Last Updated

Feb. 5, 2021

§ 597.420’s source at nv.us

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Location: https://nevada.public.law/statutes/nrs_597.420

Original Source: Section 597.420 — Effect of failure to serve notice., https://www.leg.state.nv.us/NRS/NRS-597.html#NRS597Sec420 (last accessed Feb. 5, 2021).