Section 45-51-21.11
Applicability of agreements to transferees and successors in business.
(a) This part shall apply to agreements in existence on April 2, 2014, as well as agreements entered into or renewed after April 2, 2014.
(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 a wholesaler’s business which requires supplier’s consent or approval 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 2014-223, p. 731, § 12; Act 2014-263, p. 840, § 12.)