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

AR Code § 3-5-1103 (2018) (N/A)
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(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.