§ 6-46-6. Exceptions to repurchase requirement.
The provisions of this chapter shall not require the repurchase from a dealer of:
(1) A repair part with a limited storage life or otherwise subject to physical or structural deterioration including, but not limited to, gaskets or batteries;
(2) A single repair part normally priced and sold in a set of two or more items;
(3) A repair part that, because of its condition, cannot be marketed as a new part without repackaging or reconditioning by the supplier or manufacturer;
(4) Any inventory that the dealer elects to retain;
(5) Any inventory ordered by the dealer after receipt of notice of termination of the dealer agreement by either the dealer or supplier;
(6) Any inventory that was acquired by the dealer from a source other than the supplier.
History of Section.P.L. 1998, ch. 408, § 1; P.L. 2014, ch. 528, § 33.
Structure Rhode Island General Laws
Title 6 - Commercial Law – General Regulatory Provisions
Chapter 6-46 - Equipment Dealerships
Section 6-46-1. - Short title.
Section 6-46-2. - Definitions.
Section 6-46-3. - Notice of termination of dealer agreements.
Section 6-46-4. - Supplier’s duty to repurchase inventory.
Section 6-46-5. - Repurchase terms.
Section 6-46-6. - Exceptions to repurchase requirement.
Section 6-46-7. - Transfer of business.
Section 6-46-8. - Uniform commercial practice.
Section 6-46-9. - Warranty obligations.