Tennessee Statutes

§ 57-5-504 — Transfer of wholesaler's business

Tennessee·Title 57
(a)A wholesaler shall give the supplier written notice of the wholesaler's proposed transfer of the wholesaler's business not less than thirty (30) days prior to the completion of the transfer, except in cases of transfer by inheritance, in which case the transferee shall give the supplier written notice of the transferee's ownership interest within a reasonable time after the transfer is completed.
(b)A supplier's consent shall not be required for any transfer of the wholesaler's business to a designated member or for any transfer of less than control of the wholesaler's business; however, a supplier's written consent shall be required for any transfer of the wholesaler's business to a person other than a designated member.
(c)Notwithstanding subsection (b), written consent from a supp

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Legislative History

Acts 1990, ch. 618, § 4.

Nearby Sections

15
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