If any supplier shall fail or refuse to repurchase and pay the retailer for any inventory covered under the provisions of this chapter within sixty (60) days after shipment of such inventory, he 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 date of shipment.
Structure Mississippi Code
Title 75 - Regulation of Trade, Commerce and Investments
Chapter 77 - Repurchase of Inventories From Retailers Upon Termination of Contract
§ 75-77-3. Supplier shall repurchase inventory maintained by retailer upon termination of contract
§ 75-77-4. Prohibited activities of supplier
§ 75-77-5. Repurchase price; costs of handling, packing and loading
§ 75-77-6. Rules for warranty claim submitted to supplier by retailer
§ 75-77-7. Transfer of title and right of possession to repurchased inventory
§ 75-77-9. Certain items need not be repurchased
§ 75-77-11. Civil liability for failure or refusal to repurchase