Current through 2024 Public Law 457
Section 6-46-6 - Exceptions to repurchase requirementThe provisions of this chapter shall not require the repurchase from a dealer of:
(1) A repair part with a limited storage life or otherwise subject to physical or structural deterioration including, but not limited to, gaskets or batteries;(2) A single repair part normally priced and sold in a set of two or more items;(3) A repair part that, because of its condition, cannot be marketed as a new part without repackaging or reconditioning by the supplier or manufacturer;(4) Any inventory that the dealer elects to retain;(5) Any inventory ordered by the dealer after receipt of notice of termination of the dealer agreement by either the dealer or supplier;(6) Any inventory that was acquired by the dealer from a source other than the supplier.Amended by 2014 Pub. Laws, ch. 528,§ 33, eff. 12/31/2014.