Ark. Code Ann. § 3-5-1103: Applicability of subchapter to future agreements - Transferee continues under agreement
Where this section sits in the code
- AR Code
- Title 3
- Chapter 5
- Subchapter 11
(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.
(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.
(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.
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