407.897. Law to apply to successors in interest--not applicable, when--application to existing contracts and future contracts. - Missouri Statutes

Law to apply to successors in interest--not applicable,when--application to existing contracts and future contracts.

407.897. 1. The obligations of any wholesaler, manufactureror distributor created by the provisions of sections 407.890 to407.898 apply to any successor in interest or assignee of thatwholesaler, manufacturer, or distributor. A successor ininterest includes any purchaser of substantially all of theassets or over fifty percent of the stock, any survivingcorporation resulting from a merger or liquidation, any receiver,or any trustee of the original wholesaler, manufacturer ordistributor.

2. The provisions of sections 407.890 to 407.898 shall notapply to such manufacturer in the state of Missouri who employsless than fifty employees or to any distributor who distributessolely within the state of Missouri and who employs less thanfive employees for the two-year period prior to the dealertermination and shall apply to all contracts now in effect whichhave no expiration date and are continuing contracts and allother contracts entered into, amended, or renewed after August31, 1989. Any contract in force and effect on September 1, 1989,which by its terms will terminate on a date subsequent thereto isgoverned by the law as it existed before September 1, 1989.

(L. 1989 S.B. 41 §§ 5, 6)