HB2486
Soft drink companies and bottlers; transfer of business, remedies.
Summary
As Introduced. Soft drink companies and bottlers; transfer of business; remedies.
Prohibits soft drink companies from unreasonably withholding or delaying consent to any transfer of a bottler's business or the transfer of the stock or other interest in the bottler's business when a proposed transferee bottler meets the soft drink company's material and reasonable qualification requirements. The bill also prohibits soft ... (More) drink companies from withholding consent to, or in any manner retaining a right of prior approval of, the transfer of a bottler's business to a principal owner of the bottler or a family member. Cases or controversies arising under the requirements of the bill have jurisdiction in the circuit court of the city or county where the bottler has its principal place of business, and the court may grant equitable relief as necessary to remedy the effects of conduct prohibited under the bill. A contract or agreement between a soft drink company and a bottler that purports to waive the requirements of the bill shall be considered void and unenforceable to the extent of such waiver. (Less)-
Bill History
- 01/20/2023 - House: Presented and ordered printed 23102796D
- 01/20/2023 - House: Referred to Committee on Commerce and Energy
- 01/31/2023 - House: Reported from Commerce and Energy (14-Y 6-N)
- 02/02/2023 - House: Read first time
- 02/03/2023 - House: Read second time and engrossed
- 02/06/2023 - House: Read third time and passed House (76-Y 23-N)
- 02/06/2023 - House: VOTE: Passage (76-Y 23-N)
- 02/07/2023 - Senate: Constitutional reading dispensed
- 02/07/2023 - Senate: Referred to Committee on Commerce and Labor
- 02/20/2023 - Senate: Senate committee, floor amendments and substitutes offered
- 02/20/2023 - Senate: Failed to report (defeated) in Commerce and Labor (7-Y 8-N)
