16-3-511: Transfer of distributor's interest in business.

A distributor may sell or transfer the business or an interest in the business to any person or to one or more members of the distributor's family or heirs or legatees, whether the distributor operates as an individual, a partnership, or corporation. However, the consent of the brewer, beer importer, winery, or wine importer in writing is required for the transferee to continue as a distributor of the brewer, beer importer, winery, or wine importer. The consent must consider the personal, financial, and managerial responsibilities and capabilities of the transferee, and the consent may not unreasonably be withheld.