2019 Tennessee Code
Title 47 - Commercial Instruments and Transactions
Chapter 25 - Trade Practices
Part 13 - Repurchase of Terminated Franchise Inventory
§ 47-25-1307. Exceptions to repurchase requirement.
- This part shall not require the repurchase from a retailer of:
(1) Any repair part which, because of its condition, is not resalable as a new part;
(2) Any inventory which the retailer desires to keep; provided, that the retailer has a contractual right to do so;
(3) Any farm implements and machinery, construction, utility and industrial equipment, outdoor power equipment and attachments which are not current models or which are not in new, unused, undamaged, complete condition; provided, that the equipment used in demonstrations or leased as provided in § 47-25-1305 shall be considered new and unused;
(4) Any repair parts which are not in new, unused, undamaged condition;
(5) Any farm implements and machinery, construction, utility and industrial equipment, outdoor power equipment or attachments which were purchased more than thirty-six (36) months prior to notice of termination of the contract; or
(6) Any inventory which was ordered by the retailer on or after the date of termination of the contract.
