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365.800 Definitions for KRS 365.800 to 365.840.
As used in KRS 365.800 to 365.840, unless the context requires otherwise:
(1) "Current net price on parts" means the price listed by a supplier in a price list or
catalogue in effect at the time a retail agreement contract is terminated, less any
applicable trade and cash discounts;
(2) "Retailer" means any person, firm, or corporation, including heirs, personal
representatives, guardians, trustees, assignees, or receivers of the person, firm, or
corporation, engaged in the business of selling and retailing inventory, but shall not
include retailers of petroleum or motor vehicle and related automotive care and
replacement products;
(3) "Inventory" means farm implements, tractors, farm machinery, consumer products,
utility and industrial equipment, construction and excavating equipment, and any
attachments, repair parts, or superseded parts for the equipment;
(4) "Net cost" means the price a retailer paid for the inventory to a supplier, less all
discounts allowed;
(5) "Consumer products" means machines designed for or adapted and used for
horticulture, floriculture, landscaping, grounds maintenance, or turf maintenance,
including but not limited to lawnmowers, rototillers, trimmers, blowers, and other
equipment used in both residential and commercial lawn, gardening, or turf
maintenance, installation, or other applications;
(6) "Superseded parts" means any part that will provide the same function as a currently
available part as of the date of termination of a retail agreement contract;
(7) "Supplier" means any wholesaler, manufacturer, or distributor of inventory, or any
purchaser of assets or stock of any surviving corporation resulting from a merger or
liquidation, or any receiver, assignee, or trustee of the original wholesaler,
manufacturer, distributor, or corporation; and
(8) "Terminate" or "termination" means cancel, fail to renew, or otherwise terminate a
retail agreement contract.
Effective: June 25, 2013
History: Amended 2013 Ky. Acts ch. 125, sec. 1, effective June 25, 2013. -- Amended
2004 Ky. Acts ch. 144, sec. 1, effective April 21, 2004. -- Created 1986 Ky. Acts ch.
32, sec. 1, effective February 28, 1986.
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