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2019 Michigan Compiled Laws
Chapter 445 - Trade and Commerce
Act 341 of 1984 Farm and Utility Equipment Act (445.1451 - 445.1460)
AN ACT to provide for the compensation for or repurchase of certain farm tractors, attachments, equipment, and utility tractors and equipment by certain manufacturers or suppliers subject to certain dealer, wholesaler, or distributor agreements; to provide for the repurchase of certain repair parts; to impose certain duties and responsibilities on certain persons; and to provide certain remedies.
History: 1984, Act 341, Imd. Eff. Dec. 27, 1984 ;-- Am. 1989, Act 296, Imd. Eff. Jan. 3, 1990 ;-- Am. 1995, Act 86, Imd. Eff. June 20, 1995
- Section 445.1451 Short Title.
- Section 445.1452 Definitions.
- Section 445.1453 Repurchase of Inventory on Termination of Agreement; Election to Keep Inventory.
- Section 445.1454 Repurchase Amount; Handling, Packing, and Loading; Effect of Payment; Subtraction of Debts; Shipment; Undeliverable or Unaccepted Goods; Notice of Intent to Return; Duties of Supplier; Duties of Escrow Agent; Warranty Claims.
- Section 445.1455 Provisions Supplemental; Election of Remedies; Effect of Electing Contract Remedy; Charge Back.
- Section 445.1456 Exceptions to Repurchase Requirement.
- Section 445.1457 Liability of Supplier or Manufacturer Failing or Refusing to Pay or Credit Account of Dealer; Right of Dealer to Bring Action.
- Section 445.1457a Notice of Termination, Cancellation, Nonrenewal, or Substantial Change in Competitive Circumstances.
- Section 445.1458 Death of Dealer or Majority Stockholder or Partner; Options of Heirs; Time Limitation; New Franchise Agreement.
- Section 445.1459 Security Interest in Inventory Not Affected.
- Section 445.1460 Applicability of Act.
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