Ind. Code § 7.1-3-25-7

Current through P.L. 171-2024

Section 7.1-3-25-7 - Determination of fair market value of wholesaler's distribution rights

A successor's designee shall negotiate with the existing wholesaler to determine the fair market value of the existing wholesaler's right:

(1) to distribute the product in the existing wholesaler's territory immediately before the successor acquired rights to the product under section 5 of this chapter; and

(2) as determined in an arms length transaction entered into without duress or threat of termination of the initial wholesaler's right described in subdivision (1).

IC 7.1-3-25-7

As added by P.L. 224-2005, SEC.19.