“Franchise” means a written arrangement, whether or not for a definite period, in which a manufacturer, distributor, or factory branch grants to a dealer or distributor a license or right to use a trade name, trademark, service mark, or related characteristic in the sale, leasing, or servicing of new vehicles.

Added by Acts 1977, c. 14, § 2, eff. July 1, 1977. Amended by Acts 1988, c. 6, § 1.

Formerly Art. 66 ½, § 1-130.1.