Nev. Rev. Stat. § 597.116

Current through 82nd (2023) Legislative Session Chapter 535 and 34th (2023) Special Session Chapter 1 and 35th (2023) Special Session Chapter 1

Section 597.116 - Limitations on requirements for supplier to repurchase inventory

The provisions of NRS 597.112 to 597.118, inclusive, do not require a supplier to repurchase from a dealer:

1. Any repair part which is not in new and undamaged condition or, because of its condition, is not resalable as a new part;

2. Any inventory which the dealer retains pursuant to subsection 3 of NRS 597.1153;

3. Any inventory which is not in new, undamaged and complete condition;

4. Any inventory which was ordered by the dealer on or after the date of the termination of the dealer agreement; or

5. Any inventory which was purchased more than 36 months before the notice of the termination of the dealer agreement is provided.

NRS 597.116

Added to NRS by 2003, 3403