                                 CODE OF VIRGINIA

TRANSFER OF BUSINESS (§ 4.1-507)

A. No brewery shall unreasonably withhold or delay consent to any transfer of
the wholesaler&#8217;s business, or transfer of the stock or other interest in
the wholesalership, whenever the wholesaler to be substituted meets the material
and reasonable qualifications and standards required of its wholesalers.
Whenever a transfer of a wholesaler&#8217;s business occurs, the purchaser shall
assume all the obligations imposed on and succeed to all the rights held by the
selling wholesaler by virtue of any agreement between the selling wholesaler and
one or more breweries entered into prior to the transfer.

B. Notwithstanding any provision in subsection A, no brewery shall withhold
consent to, or in any manner retain a right of prior approval of, the transfer
of the wholesaler&#8217;s business to a member or members of the
wholesaler&#8217;s family. However, subsequent to such transfer, the rights and
obligations of the wholesalership and its owners shall in all other respects be
governed by the provisions of this chapter. As used in this subsection,
&#8220;family&#8221; means the wholesaler&#8217;s spouse, parents, siblings,
children, stepchildren, and lineal descendants, including those by adoption.

HISTORY: 1978, c. 579, § 4-118.9; 1985, c. 549; 1993, c. 866.