This bill amends sections of Florida Statutes related to motor vehicle manufacturers, importers, distributors, and franchised motor vehicle dealers. It authorizes licensees to reject the succession of interest in a franchise agreement under specific circumstances, such as when the heir does not meet the licensee's qualifications or when the succession would violate new provisions added to the law. Additionally, the bill clarifies the costs that licensees must pay to motor vehicle dealers upon termination of a franchise and introduces restrictions on the distribution of a certain percentage of motor vehicles to dealers with common ownership.

Furthermore, the bill modifies the process for transferring franchise agreements, allowing licensees to reject proposed transfers only under specific conditions, such as the transferee lacking good moral character or causing the licensee to violate the new provisions. It establishes a 60-day notification period for licensees to respond to proposed transfers and outlines the process for dealers to contest rejections. The bill also includes provisions to protect estate planning transfers to trusts or entities established by owners of interests in motor vehicle dealers, provided the controlling person is of good moral character. The act is set to take effect on July 1, 2026.