If any wholesaler, manufacturer, or distributor fails or refuses to repurchase any inventory covered under the provisions of this subchapter within sixty (60) days after shipment of the inventory, he or she shall be civilly liable for one hundred percent (100%) of the current net price of the inventory, plus any freight charges paid by the retailer, the retailer's attorney's fees, court costs, and interest on the current net price computed at the legal interest rate from the sixty-first day after shipment.
Structure Arkansas Code
Title 4 - Business and Commercial Law
Subtitle 6 - Business Practices
Subchapter 3 - Farm Equipment Retailer Franchise Protection
§ 4-72-302. Applicability of subchapter — Subchapter cumulative
§ 4-72-303. Security interests unaffected by subchapter — Bulk sales law inapplicable
§ 4-72-305. Retailer's option on merchandise at termination of franchise
§ 4-72-306. Death of retailer equivalent to termination
§ 4-72-307. Inventory not required to be repurchased
§ 4-72-308. Title and possession of inventory