Section 32B-14-304 - Sale or transfer of business assets or ownership(1) Without the prior written approval of a sale or transfer by the supplier: (a) a wholesaler may not sell or transfer its business, or any portion of its business, including the distributorship agreement, to a successor in interest; and(b) the owner of an interest in a wholesaler may not sell or transfer all or part of the owner's interest in the wholesaler to a successor in interest.(2) A supplier may not unreasonably withhold or delay its approval of a sale or transfer, including the wholesaler's rights and obligations under the terms of the distributorship agreement, if the person to be substituted meets reasonable standards that are imposed: (a) by the supplier pursuant to the distributorship agreement; and(b) on other wholesalers of that supplier of the same general class, taking into account the size and location of the sales territory and market to be served.(3) Notwithstanding Subsection (1), a wholesaler may not violate Subsection 32B-13-301(8).Enacted by Chapter 276, 2010 General Session.