Code of Alabama - Title 45: Local Laws - Section 45-37-21.11 - Applicability of agreements to transferees and successors in business

Section 45-37-21.11 - Applicability of agreements to transferees and successors in business.

(a) This part shall apply to agreements in existence on May 22, 2013, as well as agreements entered into or renewed after May 22, 2013.

(b) 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; provided, however, a transfer of the business of the wholesaler which requires the consent or approval of the supplier but is disapproved by the supplier shall be null and void.

(c) A successor to a supplier that continues in business as a supplier shall be bound by all terms and conditions of each agreement of the supplier in effect on the date of succession.

(Act 2013-346, p. 1230, §12.)

Last modified: May 3, 2021