Arkansas Code Title 4, Subtitle 6, Chapter 72, Subchapter 3 - Farm Equipment Retailer Franchise Protection

• § 4-72-301 - Definitions.
  As used in this subchapter, unless the context otherwise requires: (1) "Current model" means a model listed in the wholesaler's, manufacturer's, or distributor's current...
• § 4-72-302 - Applicability of Subchapter -- Subchapter Cumulative.
  (a) The provisions of this subchapter shall apply to all contracts which have no expiration date and are continuing contracts and all other contracts...
• § 4-72-303 - Security Interests Unaffected by Subchapter -- Bulk Sales Law Inapplicable.
  The provisions of this subchapter shall not be construed to affect in any way any security interest which the wholesaler, manufacturer, or distributor may...
• § 4-72-304 - Wholesaler, Manufacturer, or Distributor to Repurchase Undamaged Goods and Cover Cost of Return.
  (a) The wholesaler, manufacturer, or distributor shall repurchase that inventory previously purchased from him or her and held by the retailer on the date...
• § 4-72-305 - Retailer's Option on Merchandise At Termination of Franchise.
  Whenever any retailer enters into a franchise agreement, evidenced by a written contract with a wholesaler, manufacturer, or distributor wherein the retailer agrees to...
• § 4-72-306 - Death of Retailer Equivalent to Termination.
  (a) In the event of the death of the retailer or the majority stockholder of a corporation operating as a retailer, the wholesaler, manufacturer,...
• § 4-72-307 - Inventory Not Required to Be Repurchased.
  The provisions of this subchapter shall not require the repurchase from a retailer of: (1) Any repair part which has a limited storage life...
• § 4-72-308 - Title and Possession of Inventory.
  Upon payment of the repurchase amount to the retailer, the title and right of possession to the repurchased inventory shall transfer to the wholesaler,...
• § 4-72-309 - Liability for Failure to Repurchase.
  If any wholesaler, manufacturer, or distributor fails or refuses to repurchase any inventory covered under the provisions of this subchapter within sixty (60) days...
• § 4-72-310 - Violations.
  (a) It is a violation of this subchapter for a manufacturer, wholesaler, or distributor to coerce a dealer to accept delivery of parts, accessories,...
• § 4-72-311 - Warranties.
  (a) This section applies to a warranty claim submitted by a dealer.(b) (1) Claims filed for payment under warranty agreements shall either be approved...

Last modified: November 15, 2016