Section 3-5-1103 - Applicability of subchapter to future agreements - Transferee continues under agreement

(a) This subchapter shall apply to agreements entered into or renewed after January 31, 1991.(b)(1) A transferee of a wholesaler that continues in business as a wholesaler shall have the benefit of and be bound by all terms and conditions of the agreement with the supplier in effect on the date of the transfer.(2) However, a transfer of a wholesaler's business which requires the supplier's consent or approval but is disapproved by the supplier shall be null and void.Acts 1991, No. 8, § 9; 1991, No. 866, § 9.