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§ 19-302. Failure or refusal to repurchase

West's Annotated Code of MarylandCommercial Law

West's Annotated Code of Maryland
Commercial Law
Title 19. Equipment Dealer Contract Act (Refs & Annos)
Subtitle 3. Violations by Suppliers; Remedies (Refs & Annos)
MD Code, Commercial Law, § 19-302
§ 19-302. Failure or refusal to repurchase
Currentness
If a supplier fails or refuses to repurchase, in accordance with § 19-202 of this title, any inventory covered under the provisions of this title within the time periods established, the supplier is civilly liable for:
(1) 100 percent of the current net price of the inventory;
(2) The amount the dealer paid for freight costs from the supplier's location to the dealer's location;
(3) The dealer's reasonable attorney's fees and court costs; and
(4) Interest on the current net price of the inventory computed from the 91st day after termination of the contract at the legal rate of interest.

Credits

Added by Acts 2005, c. 433, § 2, eff. July 1, 2005.
MD Code, Commercial Law, § 19-302, MD COML § 19-302
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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