A successor:

1. (1) who acquires the rights to manufacture or distribute an existing product; and

2. (2) who:

   1. (A) does not reappoint the existing wholesaler to distribute the product;
   2. (B) reduces the existing wholesaler's territory for the product; or

   3. (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.