Section 4. In the event of any termination, assignment, cancellation or failure to renew, whether by mutual agreement or otherwise, a supplier shall within thirty days of such termination, assignment or failure to renew make or cause to be made an offer in good faith to repurchase from the dealer at then current wholesale prices any and all merchantable products purchased by said dealer from the petroleum supplier, provided however, that in such event the petroleum supplier shall have the right to apply the proceeds against any existing indebtedness owed to him by the dealer and further provided that such repurchased obligation is conditioned upon there being no other claims or liens against such products by or on behalf of other creditors of the dealer.
Structure Massachusetts General Laws
Part I - Administration of the Government
Title XV - Regulation of Trade
Chapter 93e - Regulation of Dealers' Agreements for the Sale of Gasoline
Section 2 - Agreements to Which Chapter Applies
Section 3 - Disclosures to Prospective Dealers
Section 3a - Required Promotions, Give-Aways, Rebates, etc.; Prohibition
Section 4 - Termination, etc., of Dealership; Repurchase of Merchandise
Section 4a - Marketing Agreements; Mandatory Non-Waiverable Provisions
Section 5 - Unfair Methods of Competition; Unfair or Deceptive Acts or Practices; Prohibition
Section 6 - Dealer Trade Associations; Prevention of Membership Prohibited
Section 7 - Violations of Chapter; Actions for Damages by Dealers; Attorney's Fees
Section 7a - Enforcement by Attorney General; Application of Other Laws
Section 7b - Void and Unenforceable Contracts