The bill amends sections of Florida Statutes related to motor vehicle manufacturers, importers, distributors, and franchised motor vehicle dealers. It authorizes a licensee to reject the ownership succession of a motor vehicle dealer if such succession would lead to violations of specific provisions. Additionally, it clarifies the requirements for a licensee to repurchase motor vehicles from a dealer upon termination of a franchise agreement. The bill stipulates that a licensee distributing 1,000 or more motor vehicles of a particular line-make within a year must establish a network of at least three independent dealers in the state.

Furthermore, the bill allows a licensee to reject proposed changes in ownership if they would result in violations of the law. It introduces new provisions regarding the qualifications of transferees and the conditions under which a transfer can be rejected. The bill also specifies that a licensee cannot reject a transfer to a trust or entity established for estate planning purposes if the controlling person or beneficiary is of good moral character. The act is set to take effect on July 1, 2026.