This part shall not be construed to affect in any way any security interest which the supplier may have in the inventory of the retailer, and any repurchase hereunder shall not be subject to the bulk sales law. The retailer and supplier shall furnish representatives to inspect all parts and certify their acceptability when packed for shipment. Failure of the supplier to provide a representative within sixty (60) days shall result in automatic acceptance by the supplier of all returned items.
Structure 2021 Tennessee Code
Title 47 - Commercial Instruments and Transactions
Part 13 - Repurchase of Terminated Franchise Inventory
§ 47-25-1301. Part Definitions
§ 47-25-1303. Retailer's Right to Have Inventory Repurchased
§ 47-25-1304. Prohibited Supplier Actions
§ 47-25-1305. Date Governing Repurchase — Price and Associated Costs
§ 47-25-1306. Title to Repurchased Inventory — Account Adjustments
§ 47-25-1307. Exceptions to Repurchase Requirement
§ 47-25-1308. Civil Liability for Failure to Repurchase
§ 47-25-1310. Security Interests Not Affected — Exemption From Bulk Sales Law — Inspection