Current through 2024 Act No. 225.
Section 39-59-50 - Limitations upon repurchase of certain inventoryThe provisions of this chapter do not require the repurchase from a retailer of:
(1) Any repair part with a limited storage life or otherwise subject to deterioration, such as gaskets or batteries, but not industrial "press on" or industrial pneumatic tires;(2) Any single repair part which is priced as a set of two or more items;(3) Any repair part which because of its condition is not resalable as a new part without repackaging or reconditioning;(4) Any inventory for which the retailer is unable to furnish evidence, satisfactory to the wholesaler, manufacturer, or distributor, of clear title, free and clear of all claims, liens, and encumbrances;(5) Any inventory which the retailer desires to keep, provided the retailer has a contractual right to do so;(6) Any farm implements, machinery, utility, and industrial equipment, and attachments which are not in new, unused, undamaged, complete condition;(7) Any repair parts which are not in new, unused, undamaged condition;(8) Any farm implements, machinery, utility, and industrial equipment, yard, and garden equipment, or attachments which were purchased thirty-six months or more prior to notice of termination of the contract;(9) Any inventory which was ordered by the retailer on or after the actual receipt of the date of notification of termination of the contract;(10) Any inventory which was acquired by the retailer from any source other than the wholesaler, manufacturer, or distributor.