Nebraska Statutes 53-214. Transfer of the wholesaler’s business, defined
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Transfer of the wholesaler’s business shall mean the voluntary sale, assignment, or other transfer (1) of all or control of the wholesaler’s business, (2) of all or substantially all of the assets of the wholesaler, or (3) of all or control of the capital stock of the wholesaler, including the sale or other transfer of capital stock or assets by merger, consolidation, or dissolution, or of the capital stock of the parent corporation, or of the capital stock or beneficial ownership of any other entity owning or controlling the wholesaler.
Terms Used In Nebraska Statutes 53-214
- Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.