The Vermont Statutes Online
The Statutes below include the actions of the 2024 session of the General Assembly.
NOTE: The Vermont Statutes Online is an unofficial copy of the Vermont Statutes Annotated that is provided as a convenience.
Title 7 : Alcoholic Beverages, Cannabis, and Tobacco
Chapter 023 : Beer and Wine Franchises
Subchapter 002 : SMALL MANUFACURERS AND CERTIFICATE OF APPROVAL HOLDERS
(Cite as: 7 V.S.A. § 755)-
§ 755. Cancellation for no cause; notice; compensation
Except as otherwise provided pursuant to section 753 of this subchapter, a certificate of approval holder or manufacturer that wishes to terminate or cancel a franchise for no cause shall:
(1) Provide the franchisee with written notice of the intent to cancel or terminate the franchise at least 30 days before the date on which the franchise shall terminate.
(2) On or before the date the franchise shall be canceled or terminated, pay, or have paid on its behalf by a designated wholesale dealer, compensation, as defined pursuant to section 752 of this subchapter, for the franchisee’s interest in the franchise. The compensation shall be the wholesale dealer’s sole and exclusive remedy for any termination or cancellation pursuant to this section. (Added 2017, No. 145 (Adj. Sess.), § 5, eff. Jan. 1, 2019.)
