Oregon Statutes 474.035 – Transfer by wholesaler; when conditions may be imposed by supplier
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(1) A wholesaler may transfer, bequeath or devise the wholesaler’s business or share in any wholesale business to the deceased wholesaler’s spouse, parent, siblings or issue to succeed the decedent in ownership of the business.
Terms Used In Oregon Statutes 474.035
- Bequeath: To gift property by will.
- Decedent: A deceased person.
- Devise: To gift property by will.
(2) A supplier may provide in writing for prior approval of any other individual designed or designated to succeed a wholesaler in ownership of the business. Conditions of approval by the supplier shall be reasonable with respect to both the supplier’s and the wholesaler’s interest. [1989 c.529 § 6]
[Repealed by 1977 c.745 § 54]