Chapter 57: CERTIFICATE OF APPROVAL HOLDER AND MAINE WHOLESALE LICENSEE AGREEMENT ACT
§1455. Notice of intent to terminate
Before any termination procedure initiated by the certificate of approval holder, the certificate of approval holder shall
give the wholesale licensee written notice of any claimed deficiency existing in his territory and shall give the wholesale
licensee reasonable time to correct the claimed deficiency or deficiencies. After this reasonable time has elapsed, the certificate
of approval holder shall provide the wholesale licensee at least 90 days prior written notice of any intent to amend, terminate,
cancel or not renew any agreement. The notice must state all the reasons for the intended amendment, termination, cancellation
or nonrenewal. The notice provisions of this section do not apply if the reason for the amendment, termination, cancellation
or nonrenewal is:
A. The bankruptcy or insolvency of the wholesale licensee; [1987, c. 45, Pt. A, §4 (NEW).]
B. An assignment for the benefit of creditors or similar disposition of the assets of the wholesale licensee's business; [1987, c. 45, Pt. A, §4 (NEW).]
C. Revocation of the wholesale licensee's license; or [1987, c. 45, Pt. A, §4 (NEW).]
D. Conviction or a plea of guilty or no contest to a charge of violating a law relating to the business that materially affects
the wholesale licensee's ability to remain in business. [1987, c. 45, Pt. A, §4 (NEW).]
1987, c. 45, §A4 (NEW).
Data for this page extracted on 10/16/2012 08:30:50.
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