N.C. Gen. Stat. § 18B-1214
Prohibited practices enumerated
Redline — June 1, 2021 → current.View current text →
Current — April 1, 2022
As of June 1, 2021
It is a violation of this Article for any winery, directly or indirectly, to engage in any of the following practices:
It is a violation of this Article for any winery, directly or indirectly, to engage in any of the following practices:
(1) To restrict the sale of any equity or indebtedness or the transfer of any securities of any wholesaler or in any way prevent or attempt to prevent the transfer, sale, or issuance of shares of stock or indebtedness to employees, personnel of the wholesaler, or heirs of the principal owner, as long as basic financial requirements of the winery are complied with and the sale, transfer, or issuance does not have the effect of accomplishing a sale of the wholesaler;
(1) To restrict the sale of any equity or indebtedness or the transfer of any securities of any wholesaler or in any way prevent or attempt to prevent the transfer, sale, or issuance of shares of stock or indebtedness to employees, personnel of the wholesaler, or heirs of the principal owner, as long as basic financial requirements of the winery are complied with and the sale, transfer, or issuance does not have the effect of accomplishing a sale of the wholesaler;
(2) To impose unreasonable standards of performance upon a wholesaler;
(2) To impose unreasonable standards of performance upon a wholesaler;
(3) To prohibit directly or indirectly the right of free association among wholesalers for any lawful purpose.
(3) To prohibit directly or indirectly the right of free association among wholesalers for any lawful purpose.
History
(1983, c. 85, s. 2.)
Official source: North Carolina General Assembly. Reproduced from public-domain North Carolina statutes; confirm against the official source for the current text. Not legal advice.