N.D. Admin. Code 51-02-02-10
Current through Supplement No. 394, October, 2024
The leasing, renting, lending, servicing, or repairing of equipment by a dealer to a retailer is prohibited, except that the furnishing of portable merchandisers by a dealer will be permitted for demonstration of dairy products by a dealer. The sale of equipment by a dealer to a retailer shall not be at a price less than the seller's invoice cost plus ten percent or depreciated value in the case of used equipment. All such sales must be fully documented by cash receipts, security agreements, or ledger accounts, and all terms of such sales shall be in accord with normal business practices.
N.D. Admin Code 51-02-02-10
General Authority: NDCC 4-18.1-01, 4-18.1-11
Law Implemented: NDCC 4-18.1-11