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Indiana Code Title 7.1. Alcohol and Tobacco § 7.1-3-25-4.5

Current as of January 02, 2024 | Updated by Findlaw Staff

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.

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Cite this article: FindLaw.com - Indiana Code Title 7.1. Alcohol and Tobacco § 7.1-3-25-4.5 - last updated January 02, 2024 | https://codes.findlaw.com/in/title-7-1-alcohol-and-tobacco/in-code-sect-7-1-3-25-4-5/

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