Except for good cause, as defined by section 5-04-04, the purchase of a brewer as defined in section 5-04-01, when the purchaser continues in business as a brewer, shall obligate the new brewer to all terms and conditions of the agreement in effect on the date of purchase.

Terms Used In North Dakota Code 5-04-14

  • Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
  • Lease: A contract transferring the use of property or occupancy of land, space, structures, or equipment in consideration of a payment (e.g., rent). Source: OCC

“Purchase”, for the purposes of this chapter, includes the sale of stock, sale of assets, merger, lease, transfer, or consolidation.

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