A motor vehicle fuel franchisor, or an affiliate of such franchisor, who (1) determines to sell or transfer its interests in marketing premises occupied by a franchisee, and (2) in connection with such sale or transfer assigns its interest as a franchisor in a franchise agreement applicable to such premises, shall offer to the franchisee occupying the premises those rights contained in United States Code, title 15, section 2802(b)(3)(D)(iii)(I) or (II).

* NOTE: For the application of this section to existing *agreements and to agreements entered into, modified, renewed, or *extended on or after May 6, 2000, see Laws 2000, chapter 456, *section 24.