Connecticut § 42-349 Exceptions to inventory repurchase requirements.

Connecticut Statutes

§ 42-349 — Exceptions to inventory repurchase requirements.

Connecticut·Title 42 Business, Selling, Trading and Collection Practices·Ch. 743r Farm, Forestry, Yard and Garden Equipment Dealers and Suppliers

The provisions of sections 42-347 and 42-348 shall not require the repurchase from a dealer of:

(1)A repair part with a limited storage life or otherwise subject to physical or structural deterioration including, but not limited to, 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 a 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 the supplier; or (6) Any inventory that was acquired by the dealer from a source other than the supplier or other qualified vend

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The provisions of sections 42-347 and 42-348 shall not require the repurchase from a dealer of: (1) A repair part with a limited storage life or otherwise subject to physical or structural deterioration including, but not limited to, 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 a 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 the supplier; or (6) Any inventory that was acquired by the dealer from a source other than the supplier or other qualified vendor under the dealer agreement.

Connecticut § 42-349 (Exceptions to inventory repurchase requirements.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.