FARM AND UTILITY EQUIPMENT ACT (EXCERPT)
Act 341 of 1984
445.1456 Exceptions to repurchase requirement.
The provisions of this act shall not require the repurchase of the following by a supplier from a dealer:
(a) Any perishable repair part included in a list of parts with shelf lives published by the supplier and provided to the dealer before termination, the shelf life of which has elapsed before the termination, or which shows evidence of deterioration.
(b) Any single repair part that is priced as, or is only sold as, a set of 2 or more items.
(c) Any repair part that, because of its condition, is not resalable as a new part.
(d) Any inventory for which the dealer is unable to furnish evidence, satisfactory to the supplier, of title free and clear of all claims, liens, and encumbrances.
(e) Any inventory that the dealer chooses to keep and has a contractual right to keep.
(f) Any farm tractors and equipment, utility tractors and equipment, and equipment, or attachments that are not in new, unused, undamaged, complete, and salable condition. This subdivision does not apply to those resalable items described in section 4(1) that were used for demonstration or rental.
(g) Any farm tractors and equipment, utility tractors and equipment, or attachments purchased 30 or more months prior to notice of termination of the contract.
(h) Any inventory that was ordered by the dealer on or after the date of notification of termination of the contract.
(i) Any inventory that was acquired by the dealer from any source other than the supplier.
History: 1984, Act 341, Imd. Eff. Dec. 27, 1984
Am. 1989, Act 296, Imd. Eff. Jan. 3, 1990
Am. 1995, Act 86, Imd. Eff. June 20, 1995
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