§1463. Sale of certificate of approval holder
1. Purchaser obligated. The purchaser of a certificate of approval holder is obligated to all of the terms and conditions of the agreement in effect on the date of purchase.
[PL 1987, c. 45, Pt. A, §4 (NEW).]
2. Purchase defined. "Purchase," as defined for the purposes of this chapter, includes, but is not limited to:
A. Sale of stock; [PL 1987, c. 45, Pt. A, §4 (NEW).]
B. Sale of assets; [PL 1987, c. 45, Pt. A, §4 (NEW).]
C. Merger; [PL 1987, c. 45, Pt. A, §4 (NEW).]
D. Lease; [PL 1987, c. 45, Pt. A, §4 (NEW).]
E. Transfer; or [PL 1987, c. 45, Pt. A, §4 (NEW).]
F. Consolidation. [PL 1987, c. 45, Pt. A, §4 (NEW).]
[PL 1987, c. 45, Pt. A, §4 (NEW).]
SECTION HISTORY
PL 1987, c. 45, §A4 (NEW).