North Dakota § 51-20.1-05 Failure to make reimbursement on cancellation of contract - Liability

North Dakota Statutes

§ 51-20.1-05 — Failure to make reimbursement on cancellation of contract - Liability

North Dakota § 51-20.1-05

Title 51Sales and Exchanges

Ch. 51-20.1Heavy Construction Equipment Franchise Termination

This text of North Dakota § 51-20.1-05 (Failure to make reimbursement on cancellation of contract - Liability) is published on Counsel Stack Legal Research, covering North Dakota primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

N.D. Cent. Code § 51-20.1-05 (2026).

Text

If any heavy construction equipment distributor fails or refuses, upon cancellation,
termination, or nonrenewal of a contract by either a retail dealer or the distributor, to make
payment to the retail dealer as required by section 51-20.1-02, the distributor is liable in a civil
action brought by the retail dealer for one hundred percent of the net cost of the unused,
complete heavy construction equipment, plus transportation charges paid by the retail dealer,
and eighty-five percent of the current net price of repair parts, plus five percent of that current
net price for handling and loading plus freight charges on the repair parts which have been paid
by the retail dealer. A distributor is liable for equivalent amounts in a civil action if the distributor
refuses to supply heavy constru

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If any heavy construction equipment distributor fails or refuses, upon cancellation,
termination, or nonrenewal of a contract by either a retail dealer or the distributor, to make
payment to the retail dealer as required by section 51-20.1-02, the distributor is liable in a civil
action brought by the retail dealer for one hundred percent of the net cost of the unused,
complete heavy construction equipment, plus transportation charges paid by the retail dealer,
and eighty-five percent of the current net price of repair parts, plus five percent of that current
net price for handling and loading plus freight charges on the repair parts which have been paid
by the retail dealer. A distributor is liable for equivalent amounts in a civil action if the distributor
refuses to supply heavy construction equipment, repair parts, or both, to a retail dealer who has
a contract dated after June 30, 1981, or a contract with no expiration date which is continuing in
force on July 1, 1981.