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7.1-3-25-4.5. Transfer of products meeting sales percentage threshhold prohibited

IN Code § 7.1-3-25-4.5 (2019) (N/A)
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Sec. 4.5. (a) Except as provided in subsection (b), a successor, upon acquiring products, shall:

(1) reappoint the existing wholesaler for:

(A) all acquired products; and

(B) the territories covered by the existing wholesaler for the products; or

(2) comply with this chapter to transfer the products to another wholesaler.

(b) If the products acquired by a successor represent at least fifteen percent (15%) of an existing wholesaler's dollar sales in the twelve (12) months preceding the closing of the transaction in which the successor acquires the products, the successor:

(1) shall reappoint the existing wholesaler for:

(A) all acquired products; and

(B) the territories covered by the existing wholesaler for the products; and

(2) may not transfer the product to another wholesaler.

As added by P.L.11-2009, SEC.1.

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7.1-3-25-4. "Successor's designee"
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7.1-3-25-5. Successor requirements