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Searching 2021-2022 Session

The Vermont Statutes Online

 

Title 7 : Alcoholic Beverages, Cannabis, and Tobacco

Chapter 023 : BEER AND WINE FRANCHISES

Subchapter 002 : SMALL MANUFACTURERS 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.)