Current through L. 2024, c. 185.
Section 4075 - Exceptions to repurchase requirementThe provisions of this chapter shall not require a supplier to repurchase from a dealer:
(1) a repair part with a limited storage life or otherwise subject to physical or structural deterioration, including gaskets or batteries;(2) a single repair part normally priced and sold in a set of two or more items;(3) a repair part that, because of its condition, cannot be marketed as a new part without repackaging or reconditioning by the supplier or manufacturer;(4) any inventory that the dealer elects to retain;(5) any inventory ordered by the dealer after receipt of notice of termination of the dealer agreement by either the dealer or supplier;(6) any inventory that was acquired by the dealer from a source other than the supplier, unless the source was approved by the supplier;(7) a specialized repair tool that is not unique to the supplier's product line, or that is over 10 years old, incomplete, or in unusable condition;(8) a part identified by the supplier as nonreturnable at the time of the dealer's order; or(9) supplies that are not unique to the supplier's product line, or that are over three years old, incomplete, or in unusable condition.Added 1993, No. 113 (Adj. Sess.) , § 1, eff. 3/4/1994; amended 2015, No. 142 (Adj. Sess.), § 2.