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§6-54-5  Repurchase of inventories. –

Published: 2015

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Commercial Law – General Regulatory Provisions


General Regulatory Provisions The Rhode Island Dealership Preservation And

Protection Act

SECTION 6-54-5

   § 6-54-5  Repurchase of inventories. –

If a dealership is terminated by the grantor, the grantor, at the option of the

dealer, shall repurchase all inventories sold by the grantor to the dealer for

resale under the dealership agreement at the fair market value. This section

applies only to merchandise with a name, trademark, label or other mark on it

which identifies the grantor.

History of Section.

(P.L. 2013, ch. 308, § 1; P.L. 2013, ch. 370, § 1.)