(a) its assets and
liabilities become the assets and liabilities of its participants; and
(b)
the participants become the successor in law of the assets and liabilities
rateably in accordance with their participation rights under the
distributor-retailer’s participation agreement.
(3) A regulation may
provide for any matter necessary or convenient to give effect to this section,
including, for example, a provision about all or any of the following when a
distributor-retailer expires (the
"former entity" )—
(a) the process concerning the distribution of its assets
and liabilities;
(b) the transfer of the employment of the former entity’s
employees and of their rights;
(c) the application of instruments relating to
the former entity;
