1. An executory prepaid contract automatically terminates if the seller or any performer
under the contract goes out of business, dies, becomes insolvent or bankrupt, makes
an assignment for the benefit of creditors or is otherwise unable to fulfill the obligations
under the contract, unless the successors or assignees of the business agree to accept
all liability and to fulfill all obligations as originally set forth in the contract.
2. Upon any such termination, the money in the trust fund, including earned interest,
held by the trustee for the account of the buyer must be distributed by the trustee
to the buyer or to a qualified seller or performer assuming the outstanding contractual
liabilities, as authorized by the Commissioner.
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