Successor requirements

Ind. Code § 7.1-3-25-5
in effect
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Sec. 5. A successor: (1) who acquires the rights to manufacture or distribute an existing product; and (2) who: (A) does not reappoint the existing wholesaler to distribute the product; (B) reduces the existing wholesaler's territory for the product; or (C) offers to compensate the existing wholesaler in an amount less than the fair market value determined under section 7 of this chapter; must comply with this chapter. A successor's designee must also comply with this chapter. As added by P.L.224-2005, SEC.19.
Source: Open US Law by Vaquill AI (CC BY 4.0)URL: https://iga.in.gov/laws/2026/ic/titles/7.1Fetched: 10/17/2026