North Carolina § 18B-1213 Obligations of purchaser

North Carolina Statutes

§ 18B-1213 — Obligations of purchaser

North Carolina § 18B-1213

Ch. 18BRegulation of Alcoholic Beverages

Art. 12Wine Distribution Agreements

This text of North Carolina § 18B-1213 (Obligations of purchaser) is published on Counsel Stack Legal Research, covering North Carolina primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

N.C. Gen. Stat. § 18B-1213 (2026).

Text

The purchaser of a winery, and any successor to the import rights of a winery, is obligated to all the terms and conditions of an agreement in effect on the date of the purchase or other acquisition of the right to distribute a brand, except for good cause, which includes,

(1)Revocation of the wholesaler's permit or license to do business in this State,

(2)Bankruptcy or insolvency of the wholesaler,

(3)Assignment for the benefit of creditors or similar disposition of the assets of the wholesaler, or

(4)Failure by the wholesaler to comply substantially, without reasonable excuse or justification, with any reasonable and material requirement imposed upon the wholesaler by the winery. As used in this Article, "purchase" includes the sale of stock, sale of assets, merger, lease, transfer,

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The purchaser of a winery, and any successor to the import rights of a winery, is obligated to all the terms and conditions of an agreement in effect on the date of the purchase or other acquisition of the right to distribute a brand, except for good cause, which includes,
(1) Revocation of the wholesaler's permit or license to do business in this State,
(2) Bankruptcy or insolvency of the wholesaler,
(3) Assignment for the benefit of creditors or similar disposition of the assets of the wholesaler, or
(4) Failure by the wholesaler to comply substantially, without reasonable excuse or justification, with any reasonable and material requirement imposed upon the wholesaler by the winery.
As used in this Article, "purchase" includes the sale of stock, sale of assets, merger, lease, transfer, or consolidation. (1983, c. 85, s. 2; 2010-122, s. 25.)