Mich. Comp. Laws § 445.1453

Current through Public Act 166 of the 2024 Legislative Session

Section 445.1453 - Repurchase of inventory on termination of agreement; election to keep inventory

If a dealer enters into an agreement with a supplier and the agreement is subsequently terminated, the supplier shall repurchase any inventory of the dealer as provided in this act. The dealer may choose to keep the inventory if there exists a contractual right to do so.

MCL 445.1453

1984, Act 341, Imd. Eff. 12/27/1984 ;--Am. 1989, Act 296, Imd. Eff. 1/3/1990 ;--Am. 1995, Act 86, Imd. Eff. 6/20/1995 .