Code of Virginia - Title 59.1 Trade And Commerce - Chapter 27.1 Equipment Dealers Protection Act

• 59.1-352.1 Definitions
  As used in this chapter, unless the context requires otherwise: "Agreement" means a written or oral contract or agreement between a dealer and a wholesaler, ...
• 59.1-352.2 Usage of trade
  The terms "utility" and "industrial," when used to refer to equipment, implements, machinery, attachments, or repair parts, shall have the meaning commonly used and understood ...
• 59.1-352.3 Notice of termination of agreements
  A. No supplier, directly or through an officer, agent, or employee, may terminate, cancel, fail to renew, or substantially change the competitive circumstances of an ...
• 59.1-352.4 Supplier's duty to repurchase
  A. Whenever a dealer enters into an agreement evidenced by a written or oral contract in which the dealer agrees to maintain an inventory, and ...
• 59.1-352.5 Repurchase terms
  A. The supplier shall repurchase from the dealer within ninety days after termination of the agreement all inventory previously purchased from the supplier that remains ...
• 59.1-352.6 Exceptions to repurchase requirement
  This chapter does not require the repurchase from a dealer of: 1. A repair part with a limited storage life or otherwise subject to deterioration, ...
• 59.1-352.7 Uniform commercial practice
  A. This chapter does not affect a security interest of the supplier in the inventory of the dealer. B. A repurchase of inventory under this ...
• 59.1-352.8 Warranty obligations
  A. Whenever a supplier and a dealer enter into an agreement, the supplier shall pay any warranty claim made by the dealer for warranty parts ...
• 59.1-352.9 Prohibited acts
  No supplier shall do any of the following: 1. Coerce any dealer to accept delivery of equipment, parts, or accessories that the dealer has not ...
• 59.1-352.10 Failure to repurchase; civil remedy
  A. If a supplier fails or refuses to repurchase any inventory covered under the provisions of this chapter within the time periods established in § ...

Last modified: April 3, 2009