102.76 – TRANSFER OF BUSINESS ASSETS OR STOCK. (a) A
Texas Alcoholic Beverage Code § 102.76
Summary
This law requires brewers to approve the transfer of a distributor's stock or assets without unreasonable delay. It protects distributors by ensuring that brewers cannot arbitrarily block these transactions, which can affect ownership and control.
Brewers must approve stock or asset transfers promptly.
Distributors are protected from unreasonable withholding of approval.
Applies to both stock and beneficial ownership transfers.
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In simple terms: Learn about Texas's TRANSFER OF BUSINESS ASSETS OR STOCK. (a) A law, including definitions, penalties, and legal implications.. This means people must follow this rule, and breaking it can lead to criminal penalties.
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