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Senate Bill 0052
ARCHIVE (2006)
Latest Information
| | DIGEST OF INTRODUCED BILL
Equipment suppliers and retailers. Establishes inventory repurchase requirements for farm, industrial, and outdoor power equipment suppliers. Requires a supplier to provide notice to a retailer before terminating a contract, unless certain circumstances exist. Prohibits certain practices by suppliers. Provides procedures for: (1) determining the repurchase price paid by a supplier to a retailer for inventory; (2) resolving warranty claims; and (3) continuing or creating contracts after the death or insolvency of a retailer. Provides civil penalties for violations. |
Current Status:
| | In Committee - first House |
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