California Statutes

§ 22924. — 22924. (Amended by Stats. 2005, Ch. 712, Sec. 22.)

California § 22924.
JurisdictionCalifornia
Code BPCBusiness and Professions Code - BPC
Div. 8.DIVISION 8. SPECIAL BUSINESS REGULATIONS
Ch. 28.CHAPTER 28. Fair Practices of Equipment Manufacturers, Distributors, Wholesalers, and Dealers Act

This text of California § 22924. (22924. (Amended by Stats. 2005, Ch. 712, Sec. 22.)) is published on Counsel Stack Legal Research, covering California primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
Cal. Business and Professions Code - BPC Code § 22924. (2026).

Text

(a)In the event of the death or incapacity of the dealer, which in this context shall mean an owner, equal or majority partner, or the majority stockholder of a corporation, operating as a dealer, the supplier shall, at the option of the heirs at law, if the dealer died intestate, or the executor under the terms of the deceased dealer’s last will and testament, if the dealer died testate, repurchase the inventory from the estate as if the supplier had terminated the dealer contract and the inventory repurchase provisions of Section 22905 are applicable. The heirs or executor shall have 180 days from the date of the death of the dealer or majority stockholder to exercise the option under this section. However, nothing in this section shall require the repurchase of inventory, if the heirs

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Legislative History

Amended by Stats. 2005, Ch. 712, Sec. 22. Effective October 7, 2005.
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California § 22924., Counsel Stack Legal Research, https://law.counselstack.com/statute/ca/BPC/22924..