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§ 7-1-3-25-7 — Indiana Law | CourtGPT
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  4. Title 7.1 - Alcohol and Tobacco/
  5. Article 3 - Permits/
  6. Chapter 25 - Product Transfer Between Wholesalers7.1-3-25-1. "Existing Wholesaler"/
  7. § 7-1-3-25-7
Indiana Legal Code

§ 7-1-3-25-7

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A successor's designee shall negotiate with the existing wholesaler to determine the fair market value of the existing wholesaler's right:(1) to distribute the product in the existing wholesaler's territory immediately before the successor acquired rights to the product under section 5 of this chapter; and(2) as determined in an arms length transaction entered into without duress or threat of termination of the initial wholesaler's right described in subdivision (1).As added by P.L.224-2005, SEC.19.