SF0079

Bill Summary - 24LSO-0517 Bill No.: SF0079 Effective: 7/1/2024 LSO No.: 24LSO-0517 Enrolled Act No.: SEA No. 0020 Chapter No.: 54 Prime Sponsor: Barlow Catch Title: Malt beverage franchise agreements. Has Report: No Subject: Malt beverage franchise agreements. Summary/Major Elements: This bill allows malt beverage manufacturers that annually produce twenty-five thousand (25,000) barrels of malt beverages or less to terminate franchise agreements with malt beverage distributors without cause. The bill specifies the amount of compensation that must be paid to a malt beverage distributor if the manufacturer terminates the franchise agreement and provides that the distributor may submit the question of compensation to arbitration if the compensation paid was inadequate. The bill specifies that it applies to all franchises entered into on or after July 1, 2024. For any franchise in existence on July 1, 2024, the bill specifies that the bill applies upon the amendment or renewal of the franchise and specifies that if the franchise extends for more than one (1) year after July 1, 2024, the franchise shall be deemed to be renewed on July 1, 2025. The above summary is not an official publication of the Wyoming Legislature and is not an official statement of legislative intent. While the Legislative Service Office endeavored to provide accurate information in this summary, it should not be relied upon as a comprehensive abstract of the bill.