Indiana § 7.1-3-25-13 Failure to receive compensation

Indiana Statutes

§ 7.1-3-25-13 — Failure to receive compensation

Indiana·Art. 3 PERMITS·Ch. 25 Product Transfer Between Wholesalers

If the existing wholesaler does not receive payment of the compensation under section 7 or 11 of this chapter not later than thirty (30) days after the date of the settlement or arbitration award:

(1)the existing wholesaler shall remain the distributor of the product in the existing wholesaler's territory to at least the same extent that the existing wholesaler distributed the product immediately before the successor acquired rights to the product; and

(2)the existing wholesaler is not entitled to the settlement or arbitration award.

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If the existing wholesaler does not receive
payment of the compensation under section 7 or 11 of this chapter not
later than thirty (30) days after the date of the settlement or arbitration
award:
(1) the existing wholesaler shall remain the distributor of the
product in the existing wholesaler's territory to at least the same
extent that the existing wholesaler distributed the product
immediately before the successor acquired rights to the product;
and
(2) the existing wholesaler is not entitled to the settlement or
arbitration award.

Indiana § 7.1-3-25-13 (Failure to receive compensation) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.