Current through Acts 2023-2024, ch. 1069
Section 47-25-1307 - Exceptions to repurchase requirementThis part shall not require the repurchase from a retailer of:
(1) Any repair part which, because of its condition, is not resalable as a new part;(2) Any inventory which the retailer desires to keep; provided, that the retailer has a contractual right to do so;(3) Any farm implements and machinery, construction, utility and industrial equipment, outdoor power equipment and attachments which are not current models or which are not in new, unused, undamaged, complete condition; provided, that the equipment used in demonstrations or leased as provided in § 47-25-1305 shall be considered new and unused;(4) Any repair parts which are not in new, unused, undamaged condition;(5) Any farm implements and machinery, construction, utility and industrial equipment, outdoor power equipment or attachments which were purchased more than thirty-six (36) months prior to notice of termination of the contract; or(6) Any inventory which was ordered by the retailer on or after the date of termination of the contract.