Wyoming § 40-20-121 Repurchase not required

Wyoming Statutes

§ 40-20-121 — Repurchase not required

Wyoming·Title 40 Trade and Commerce·Ch. 20 WYOMING FAIR PRACTICES OF EQUIPMENT MANUFACTURERS,

(a)The provisions of this chapter shall not require the repurchase from a dealer of:

(i)Any repair part in a broken or damaged package. The supplier shall be required to repurchase a repair part in a broken or damaged package, for a repurchase price that is equal to eighty-five percent (85%) of the current net price for the repair part, if the aggregate current net price for the entire package of repair parts is seventy-five dollars ($75.00) or higher;

(ii)Any repair part which because of its condition is not resalable as a new part without repackaging or reconditioning;

(iii)Any inventory the dealer is unable to furnish evidence, satisfactory to the supplier, of clear title, free and clear of all claims, liens and encumbrances;

(iv)Any inventory the dealer desires to keep, provided t

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(a) The provisions of this chapter shall not require the
repurchase from a dealer of:
(i) Any repair part in a broken or damaged package.
The supplier shall be required to repurchase a repair part in a
broken or damaged package, for a repurchase price that is equal
to eighty-five percent (85%) of the current net price for the
repair part, if the aggregate current net price for the entire
package of repair parts is seventy-five dollars ($75.00) or
higher;
(ii) Any repair part which because of its condition
is not resalable as a new part without repackaging or
reconditioning;
(iii) Any inventory the dealer is unable to furnish
evidence, satisfactory to the supplier, of clear title, free and
clear of all claims, liens and encumbrances;
(iv) Any inventory the dealer desires to keep,
provided the dealer has a contractual right to do so;
(v) Any equipment or repair parts not in new, unsold,
undamaged or complete condition, subject to the provisions of
this chapter relating to demonstrators;
(vi) Any equipment delivered to the dealer prior to
the beginning of the thirty-six (36) month period immediately
preceding the date of notification of termination;
(vii) Any equipment or repair parts ordered by the
dealer on or after the date of notification of termination;
(viii) Any equipment or repair parts acquired by the
dealer from any source other than the supplier unless the
equipment or repair parts were ordered from or invoiced to the
dealer by the supplier; or
(ix) Any equipment or repair parts not returned to
the supplier within ninety (90) days after the later of:
(A) The effective date of termination of a
dealer agreement; and
(B) The date the dealer receives from the
supplier all information, documents or supporting materials
required by the supplier to comply with the supplier's return
policy. This subparagraph shall not be applicable to a dealer
if the supplier did not give the dealer notice of the ninety
(90) day deadline at the time the applicable notice of
termination was sent to the dealer.