When a business that sells or makes products gets sold or taken over, the new owner has to follow the same rules as the old owner. This covers situations where someone buys most of the business, the business merges with another company, or a court puts someone in charge of the business.
407.754. How to apply to — defined. — The obligations of any , or created by the of sections 407.750 to 407.754 apply to any successor in interest or of that wholesaler, manufacturer, or distributor. A "successor in interest" includes any purchaser of substantially all of the or over fifty percent of the stock, any surviving resulting from a merger or , any , or any of the original wholesaler, manufacturer or distributor.
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Source & history notes
(L. 1991 S.B. 241 § 5)
Related Missouri laws
Action for damages and costs by retailer for violations
RSMo 407.755
Manufacturer, wholesaler or distributor not to terminate contract except for good cause
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Law, applicability to existing and future contracts
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Legal information, not legal advice. Always confirm with the official source at revisor.mo.gov.