Indiana Statutes

§ 7.1-3-25-5 — Successor requirements

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

A successor:

(1)who acquires the rights to manufacture or distribute an existing product; and
(2)who:
(A)does not reappoint the existing wholesaler to distribute the product;
(B)reduces the existing wholesaler's territory for the product; or
(C)offers to compensate the existing wholesaler in an amount less than the fair market value determined under section 7 of this chapter; must comply with this chapter. A successor's designee must also comply with this chapter.

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Legislative History

As added by P.L.224-2005, SEC.19.

Nearby Sections

15
§ 7.1-1-1-1
General purposes
§ 7.1-1-1-11.5
Repealed
§ 7.1-1-2-0.1
Repealed
§ 7.1-1-2-1
Construction
§ 7.1-1-2-13
Repealed
§ 7.1-1-2-2
Scope
§ 7.1-1-2-3
Exceptions
§ 7.1-1-2-4
Gender and number
§ 7.1-1-2-6
Repealed
§ 7.1-1-3-1
Generally
§ 7.1-1-3-10
"Club"
§ 7.1-1-3-11
"Commercially"
§ 7.1-1-3-12
"Commission"
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