(a) A manufacturer shall furnish a notice of cancellation or nonrenewal of a dealership agreement with an authorized dealer to an authorized dealer at least
(1) 90 days before the effective date of a cancellation or nonrenewal, except as provided under (2) of this subsection;
(2) 15 days before the effective date of a cancellation or nonrenewal when the authorized dealer
(A) is insolvent or is the subject of a bankruptcy or receivership proceeding;
(B) is convicted of a felony involving moral turpitude or fraud under the law of this state, another state, the federal government, a territory of the United States, or the District of Columbia;
(C) has violated a term of the dealership agreement with the manufacturer, the violation of which the manufacturer and the authorized dealer have agreed in the dealership agreement constitutes a basis for cancellation or nonrenewal.
(b) Notice required under (a) of this section must be in writing, shall be sent by certified mail or personally delivered to the authorized dealer, and must contain
(1) a statement of intention to cancel or not renew the dealership agreement;
(2) a statement of the reasons for the cancellation or nonrenewal; and
(3) the date on which the cancellation or nonrenewal takes effect.
(c) In this section, “mail” means registered or certified mail, return receipt requested.
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