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Texas Business & Commerce Code - Section 19.44. Return Of Data Processing Equipment And Specialized Repair Tools

Legal Research Home > Texas Lawyer > Business & Commerce Code > Texas Business & Commerce Code - Section 19.44. Return Of Data Processing Equipment And Specialized Repair Tools

§ 19.44. RETURN OF DATA PROCESSING EQUIPMENT AND 
SPECIALIZED REPAIR TOOLS.  (a) If on termination of a dealer 
agreement the dealer delivers to the supplier data processing or 
peripheral equipment, software, or specialized repair tools that 
the supplier required the dealer to purchase or lease, the supplier 
shall assume the dealer's lease responsibilities, for that 
equipment or software, if any, and pay to the dealer:
		(1)  an amount equal to the fair market value of the 
data processing equipment or software purchased by the dealer and 
delivered to the supplier;  and
		(2)  an amount equal to 75 percent of the cost to the 
dealer of the specialized repair tools purchased by the dealer and 
delivered to the supplier.
	(b)  The supplier and dealer are each responsible for 
one-half of the cost of delivering the data processing equipment 
and software and specialized repair tools to the supplier.
	(c)  The supplier shall assume the lease responsibilities 
and pay the amount due under this section before the 61st day after 
the date that the supplier receives data processing equipment and 
software or specialized repair tools from the dealer.
	(d)  On payment of the amount due under this section, title 
or the right of possession to the data processing equipment or 
specialized repair tools purchased or leased by the dealer is 
transferred to the supplier.

Added by Acts 1991, 72nd Leg., ch. 119, § 1, eff. May 19, 1991.            

Last modified: August 10, 2007