South Carolina Statutes
§ 39-59-20 — Repurchase of inventory upon termination of franchise agreement.
South Carolina·Title 39 TRADE AND COMMERCE·Ch. 59 FRANCHISE AGREEMENTS RELATING TO RETAIL AND REPURCHASE OF FARM IMPLEMENTS, ETC.
Whenever any retailer enters into a franchise agreement, evidenced by a written contract, or oral contract with a wholesaler, manufacturer, or distributor wherein the retailer agrees to maintain an inventory and the contract is terminated, the wholesaler, manufacturer, or distributor shall repurchase the inventory as provided in this chapter. The retailer may keep the inventory if he desires. If the retailer has any outstanding debts to the wholesaler, manufacturer, or distributor, then the repurchase amount may be credited to the retailer's account.
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South Carolina § 39-59-20 (Repurchase of inventory upon termination of franchise agreement.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
HISTORY: 1984 Act No. 326.
Nearby Sections
13
§ 39-59-10
Definitions.§ 39-59-100
Warranty claims.§ 39-59-110
Indemnification of retailer.§ 39-59-120
Legal remedy for violation of chapter.§ 39-59-130
Limitations period.§ 39-59-80
Security interests in inventory.§ 39-59-90
Audit of books or records.