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Senate Bill 0052


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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