Askov American. [volume] (Askov, Pine County, Minn.) 1914-current, 1937-05-06

OeCClOIl SUO mason Minnesota
Statutes 1927 to be approved by and
filed in the office of the Secretary
of State"
Section 5. This Act shall take
effect and be in force from and
after its passage.
Approved April "a, 1887.
CHAPTER 412-S. F. No. 6S4
A BILL
FOR AN ACT to prohibit and de-
clare void certain contracts, con-
ditions, agreements and under
standings in connection with the
sale or contract to sell motor
vehicles by manufacturers or
wholesale distributors thereof,
and prohibiting the giving or pay
ment Of any thing or service of
value by any manufacturer or
wholesale distributor of motor
vehicles to anyone engaged in
the business of financing the pur-
chase or sale of motor vehicles
or Of buying conditional sales
contracts, chattel mortgages or
leases on motor vehicles, and the
acceptance or receipt thereof by
any such person when COMPETE
ton in the business of financing
the purchase or sale of motor
vehicles or Of buying conditional
sales contracts, chattel mortgages
sovn ",
be lessened or eliminated, or a
monopoly created or tended to be
created, and prohibiting from do
ing business in this state anyone
engaged in the business of financ-
ing the purchase or sale Of motor
vehicles or Of buying conditional
sales contracts, chattel mortgages
or leases on motor vehicles who
so accepts or receives any thing
or service of value from any
manufacturer or wholesale dis
tributor of motor vehicles, and
prescribing penalties, forfeiturcs,
and recoveries for the violation
thereof.
Be it enacted by the Legislature OF
the State of Minnesota:
Section /. It shall be unlawful
for any person who is engaged,
either directly or indirectly, in the
or wholesale distribu-
ton Of motor vehicles to sell or
enter into a contract to sell motor
vehicles to any person who is en-
gagged or intends to engage in the
business of selling such motor
vehicles at retail in this State, on
the condition or with an agreement
or understanding, either express or
implied, that such person so engag-
ed in selling motor vehicles at re-
tail shall in any manner finance
the purchase or sale of any one or
number of vehicles only with or
through designated person or class
of persons or shall sell and assign
the conditional sales contracts,
chattel mortgages or leases arising
from the sale of motor vehicles or
any one or number thereof only 10
a designated person or class OF per-
sons, when the effect Of the con-
dition, agreement or understanding
so entered into may be to lessen or
eliminate competition, or create or
tend to create a monopoly In the
person or class Of persons who are
designated, by virtue OF such con-
dition, agreement or understanding
to finance the purchase or sale OF
motor vehicles or to purchase such
conditional sales contracts, chattel
mortgages or leases, and any such
condition, agreement or understand
ing Is hereby declared to be void
and against the public policy Of this
State.
Section 2. Any threat, statement
or promise, expressed or implied,
made to any person engaged in the
business of selling motor vehicles
at retail in this State by any per-
son engaged, either directly or in
directly in the manufacture or dis
tribution of motor vehicles, that
such person will discontinue or
cease to sell, or refuse to enter in
to a contract to sell, or will termin-
ate a contract to sell motor vehicles,
to such person who Is so engaged
in the business Of selling motor
vehicles at retail, unless such per-
son finances the purchase or sale
of any one or number OF motor
vehicles only with or through a
designated person or class of per-
sons or sells and assigns the con-
ditional sales contracts, chattel
mortgages, or leases arising from
his retail sales of motor vehicles or
anv one or number thereof only to
designated person or class of per-
sons shall be prima facie evidence
of the fact that such person so en-
gagged in the manufacture or dis
tribution of motor vehicles has sold
or intends to sell the same on the
condition or with the agreement or
understanding prohibited in Section
/ of this Act.
Section 3. Any threat, statement
or promise, expressed or implied,
made to any person in the business
Of selling motor vehicles at retail
in this State by any person, or any
agent Of any such person, who is
engaged in the business Of financing
the purchase or sale Of motor
vehicles or of buying conditional
81 10