28-23-104. DEATH OF DEALER — REPURCHASE FROM HEIRS. In the event of the death of the retail dealer or a stockholder in a corporation operating a retail dealership in the business of selling and retailing farm implements, equipment, machinery, attachments or repair parts therefor, at the election of the dealer or corporation, the manufacturer, wholesaler or distributor shall, unless the heir or heirs of the deceased elect to continue to operate the dealership, repurchase the merchandise from the heir or heirs upon the same terms and conditions as are otherwise provided in this chapter. In the event the heir or heirs do not agree to continue to operate the retail dealership, it shall be deemed a cancellation or discontinuance of the contract by the retailer under the provisions of sections 28-23-101 and 28-23-102, Idaho Code.
History:
[28-23-104, added 1975, ch. 97, sec. 4, p. 197; am. 2011, ch. 270, sec. 5, p. 733.]
Structure Idaho Code
Title 28 - COMMERCIAL TRANSACTIONS
Chapter 23 - REPURCHASE OF FARM MACHINERY AND EQUIPMENT UPON TERMINATION OF CONTRACT
Section 28-23-102 - REPURCHASE OF REPAIR PARTS.
Section 28-23-103 - PROVISIONS OF CONTRACT SUPPLEMENTED.
Section 28-23-104 - DEATH OF DEALER — REPURCHASE FROM HEIRS.
Section 28-23-105 - FAILURE TO PAY SUMS SPECIFIED ON CANCELLATION OF CONTRACTS — LIABILITY.
Section 28-23-106 - EXCEPTIONS.
Section 28-23-107 - DEFINITION.
Section 28-23-108 - GUARANTY AND SECURITY AGREEMENT NOTICE REQUIREMENTS.
Section 28-23-109 - GUARANTY AND SECURITY AGREEMENT PERSONAL ASSET LIMIT.
Section 28-23-110 - PENALTY FOR FAILURE TO GIVE NOTICE OR OBTAIN CONSENT.
Section 28-23-111 - APPLICATION.