Michigan § 445.1453 Repurchase of inventory on termination of agreement; election to keep inventory.

Michigan Statutes

§ 445.1453 — Repurchase of inventory on termination of agreement; election to keep inventory.

Michigan § 445.1453

Ch. 445TRADE AND COMMERCE

Act 341 of 1984FARM AND UTILITY EQUIPMENT ACT (445.1451-445.1460)

This text of Michigan § 445.1453 (Repurchase of inventory on termination of agreement; election to keep inventory.) is published on Counsel Stack Legal Research, covering Michigan primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Mich. Comp. Laws § 445.1453 (2026).

Text

FARM AND UTILITY EQUIPMENT ACT (EXCERPT) Act 341 of 1984 445.1453 Repurchase of inventory on termination of agreement; election to keep inventory. Sec.

3.If a dealer enters into an agreement with a supplier and the agreement is subsequently terminated, the supplier shall repurchase any inventory of the dealer as provided in this act. The dealer may choose to keep the inventory if there exists a contractual right to do so.

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FARM AND UTILITY EQUIPMENT ACT (EXCERPT) Act 341 of 1984 445.1453 Repurchase of inventory on termination of agreement; election to keep inventory. Sec. 3. If a dealer enters into an agreement with a supplier and the agreement is subsequently terminated, the supplier shall repurchase any inventory of the dealer as provided in this act. The dealer may choose to keep the inventory if there exists a contractual right to do so.