Arkansas § 3-5-1103 Applicability of subchapter to future agreements - Transferee continues under agreement

Arkansas Statutes

§ 3-5-1103 — Applicability of subchapter to future agreements - Transferee continues under agreement

(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.

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(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.

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