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Ark. Code Ann. § 3-5-1103

Applicability of subchapter to future agreements — Transferee continues under agreement

Acts 1991, No. 8, § 9; 1991, No. 866, § 9.

(1) This subchapter shall apply to agreements entered into or renewed after January 31, 1991.

(2) A transferee of a wholesaler that continues in business as a wholesaler shall have the benefit of and be bound by all terms and conditions of the agreement with the supplier in effect on the date of the transfer.

(3) However, a transfer of a wholesaler's business which requires the supplier's consent or approval but is disapproved by the supplier shall be null and void.

Current official text: Arkansas General Assembly. Digitized from the UniCourt Code Improvement Commission public-domain capture. Reproduced from public-domain Arkansas statutes; confirm against the official source for the current text. Not legal advice.