Louisiana § 51:489 Liability for failure to repurchase

Louisiana Statutes

§ 51:489 — Liability for failure to repurchase

Louisiana § 51:489

Title 51Trade and Commerce

This text of Louisiana § 51:489 (Liability for failure to repurchase) is published on Counsel Stack Legal Research, covering Louisiana primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

La. Stat. Ann. § 51:489 (2026).

Text

In the event that the agent fails or refuses to make payment to the dealer or his heir or heirs as required by this Part within sixty days after shipment of returned items, he shall be liable to the retailer or his heir or heirs for damages in the following amounts:

(1)One hundred percent of the net cost of the equipment, implements, machinery and attachments.

(2)Transportation charges which have been paid by the dealer.

(3)One hundred percent of the current net price of repair parts plus transportation cost.

(4)Interest at the same rate as fixed by law for legal interest, accruing from sixty days after shipment of return items.

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In the event that the agent fails or refuses to make payment to the dealer or his heir or heirs as required by this Part within sixty days after shipment of returned items, he shall be liable to the retailer or his heir or heirs for damages in the following amounts:
(1) One hundred percent of the net cost of the equipment, implements, machinery and attachments.
(2) Transportation charges which have been paid by the dealer.
(3) One hundred percent of the current net price of repair parts plus transportation cost.
(4) Interest at the same rate as fixed by law for legal interest, accruing from sixty days after shipment of return items.