28-23-110. PENALTY FOR FAILURE TO GIVE NOTICE OR OBTAIN CONSENT. In the event that any manufacturer, wholesaler or distributor of farm implements, equipment, machinery, attachments and repair parts fails to give notice or obtain consent pursuant to section 28-23-108, Idaho Code, or fails or refuses to comply with section 28-23-109, Idaho Code, the guaranty or security agreement thereby affected will be deemed cancelled and terminated.
History:
[28-23-110, added 1975, ch. 97, sec. 10, p. 197; am. 2011, ch. 270, sec. 9, p. 734.]
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.