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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.