South Carolina Statutes
§ 39-59-40 — Repurchase amount due within thirty days; title to inventory.
South Carolina·Title 39 TRADE AND COMMERCE·Ch. 59 FRANCHISE AGREEMENTS RELATING TO RETAIL AND REPURCHASE OF FARM IMPLEMENTS, ETC.
The wholesaler, manufacturer, or distributor shall make payment of the full repurchase amount to the retailer not later than thirty days after the receipt of inventory as provided for in Section 39-59-30. Upon payment of the repurchase amount to the retailer, the title and right of possession to the repurchased inventory shall transfer to the wholesaler, manufacturer, or distributor.
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South Carolina § 39-59-40 (Repurchase amount due within thirty days; title to inventory.) — 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.