If any wholesaler, manufacturer, or distributor fails or refuses to repurchase any inventory covered under the provisions of this chapter within the time periods established in Section 39-59-30, he is civilly liable for one hundred percent of the current net price of the inventory, plus any freight charges paid by the retailer, the retailer's reasonable attorney's fees, court costs, and interest on the current net price computed at the legal rate of interest from the ninety-first day after contract termination.
HISTORY: 1984 Act No. 326.
Structure South Carolina Code of Laws
Chapter 59 - Franchise Agreements Relating To Retail And Repurchase Of Farm Implements, Etc.
Section 39-59-10. Definitions.
Section 39-59-20. Repurchase of inventory upon termination of franchise agreement.
Section 39-59-30. Repurchase of inventory within ninety days; handling costs.
Section 39-59-40. Repurchase amount due within thirty days; title to inventory.
Section 39-59-50. Limitations upon repurchase of certain inventory.
Section 39-59-60. Liability for failure to make timely repurchase of inventory.
Section 39-59-70. Repurchase of inventory upon death or incapacity of retailer.
Section 39-59-80. Security interests in inventory.
Section 39-59-90. Audit of books or records.
Section 39-59-100. Warranty claims.
Section 39-59-110. Indemnification of retailer.