§ 247. Exemptions
Oklahoma Statutes AnnotatedTitle 15. Contracts
15 Okl.St.Ann. § 247
§ 247. Exemptions
The provisions of the Fair Practices of Equipment Manufacturers, Distributors, Wholesalers and Dealers Act1 shall not require the repurchase from a dealer of:
1. Any repair part which is in a broken or damaged package; provided, however, the supplier will be required to repurchase a repair part in a broken or damaged package, for a repurchase price that is equal to eighty-five percent (85%) of the current net parts cost for the repair part, if the aggregate current net parts cost for the entire package of repair parts is Seventy-five Dollars ($75.00) or higher;
3. Any inventory for which the dealer is unable to furnish evidence, satisfactory to the supplier, of clear title free and clear of all claims, liens and encumbrances unless such inventory will be free and clear of all claims, liens and encumbrances immediately upon payment by the supplier of amounts due herein to such lien holders;
b. the date the dealer receives from the supplier all information, documents or supporting materials required by the supplier to comply with the supplier's return policy; provided, however, this paragraph will not be applicable to a dealer if the supplier did not give the dealer notice of the ninety-day deadline at the time the applicable notice of termination was sent to the dealer.
Credits
Laws 1982, c. 274, § 3, operative Oct. 1, 1982. Laws 1991, c. 51, § 4, emerg. eff. April 9, 1991; Laws 2011, c. 156, § 11, eff. Nov. 1, 2011.
Footnotes
Title 15, § 245 et seq.
15 Okl. St. Ann. § 247, OK ST T. 15 § 247
Current with emergency effective legislation through Chapter 257 of the Second Regular Session of the 59th Legislature (2024). Some sections may be more current, see credits for details.
End of Document |