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§ 19-203. When repurchase not required

West's Annotated Code of MarylandCommercial LawEffective: April 12, 2011

West's Annotated Code of Maryland
Commercial Law
Title 19. Equipment Dealer Contract Act (Refs & Annos)
Subtitle 2. Repurchase Requirements and Terms (Refs & Annos)
Effective: April 12, 2011
MD Code, Commercial Law, § 19-203
§ 19-203. When repurchase not required
This title does not require the repurchasing from a dealer of:
(1) A repair part with a limited storage life or otherwise subject to deterioration, such as a gasket or battery, except for industrial “press on” industrial pneumatic tires;
(2) A single repair part that is priced as a set of two or more items;
(3) A repair part that, because of its condition, is not resalable as a new part without repackaging or reconditioning;
(4) A repair part that is not in new, unused, and undamaged condition;
(5) An item of inventory for which a dealer does not have title free of all claims, liens, and encumbrances other than those of the supplier;
(6) Any inventory that the dealer chooses to retain;
(7) Any inventory that was ordered by the dealer after either party's receipt of notice of termination of a franchise agreement;
(8) Any farm implements or machinery, construction, utility, or industrial equipment, outdoor power equipment, outdoor power sports equipment, or attachments that are not current models or that are not in new, unused, undamaged, complete condition, provided that equipment that is used in demonstrations or leased under § 19-202 of this subtitle shall be considered new and unused;
(9) Any farm implements or machinery, construction, utility, or industrial equipment, outdoor power equipment, outdoor power sports equipment, or attachments that were purchased more than 36 months before notice of termination of the contract; or
(10) Any inventory that was acquired by the dealer from a source other than the supplier.

Credits

Added by Acts 2005, c. 433, § 2, eff. July 1, 2005. Amended by Acts 2005, c. 25, § 13, eff. April 12, 2005; Acts 2010, c. 55, § 1, eff. Oct. 1, 2010; Acts 2011, c. 65, § 1, eff. April 12, 2011.
MD Code, Commercial Law, § 19-203, MD COML § 19-203
Current through legislation effective through April 9, 2023, from the 2024 Regular Session of the General Assembly. Some statute sections may be more current, see credits for details.
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