Rhode Island § 3-13-6 § 3-13-6. Transfer of business assets of stock.

Rhode Island Statutes

§ 3-13-6 — § 3-13-6. Transfer of business assets of stock.

Rhode Island § 3-13-6

Title 3Alcoholic Beverages

Ch. 3-13Malt Beverage Supplier-Wholesaler Agreements

This text of Rhode Island § 3-13-6 (§ 3-13-6. Transfer of business assets of stock.) is published on Counsel Stack Legal Research, covering Rhode Island primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

R.I. Gen. Laws § 3-13-6 (2026).

Text

§ 3-13-6. Transfer of business assets of stock.
(a) No supplier shall, by the terms of an agreement or otherwise, unreasonably withhold
            or delay approval of any assignment, sale, or transfer of the stock of a wholesaler
            or all or any portion of a wholesaler's assets, wholesaler's voting stock, the voting
            stock of any parent corporation, or the beneficial ownership or control of any other
            entity owning or controlling a wholesaler, including the wholesaler's rights and obligations
            under the terms of an agreement whenever the person or persons to be substituted meet
            reasonable and express standards imposed not only upon the wholesaler but upon a

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§ 3-13-6. Transfer of business assets of stock.

(a) No supplier shall, by the terms of an agreement or otherwise, unreasonably withhold or delay approval of any assignment, sale, or transfer of the stock of a wholesaler or all or any portion of a wholesaler's assets, wholesaler's voting stock, the voting stock of any parent corporation, or the beneficial ownership or control of any other entity owning or controlling a wholesaler, including the wholesaler's rights and obligations under the terms of an agreement whenever the person or persons to be substituted meet reasonable and express standards imposed not only upon the wholesaler but upon all other wholesalers of a supplier generally.

(b) Upon the death of one of the partners of a partnership operating the business of a wholesaler, no supplier shall deny the surviving partner or partners of that partnership the right to become a successor-in-interest to the agreement between the supplier and that partnership; provided the survivor has been active in the management of the partnership and is otherwise capable of carrying on the business of the partnership.

(c) A wholesaler shall not transfer or agree to transfer any of its rights and obligations under the terms of any agreement without first giving prior notice to the supplier.