WILLIAM DONALD SCHAEFER, Governor
Ch. 752
certain new construction, farm, industrial, and outdoor
power equipment, the supplier, under certain circumstances,
shall repurchase certain items in the dealer's inventory;
providing for the scope of this Act; defining certain terms;
providing certain repurchase requirements and terms if a
dealer dies or is adjudicated incompetent; specifying the
terms and conditions under which a contract between a
supplier and a dealer may be terminated; providing for the
resolution of certain warranty claims on the termination of
a contract between a supplier and a dealer; specifying the
limitations, rights, and civil liabilities of suppliers and
dealers relative to repurchase; and generally relating to
contracts between dealers engaged in the business of
retailing new construction, farm, industrial, or outdoor
power equipment, and the wholesalers, manufacturers, or
distributors of that equipment.
BY adding to
Article - Commercial Law
Section 19-101 through 19-505, inclusive, to be under the
new title "Title 19. Equipment Dealer Contract Act"
Annotated Code of Maryland
(1983 Replacement Volume and 1986 Supplement)
SECTION 1. BE IT ENACTED BY THE GENERAL ASSEMBLY OF
MARYLAND, That the Laws of Maryland read as follows:
Article - Commercial Law
TITLE 19. EQUIPMENT DEALER CONTRACT ACT
SUBTITLE 1. DEFINITIONS; GENERAL PROVISIONS
19-101.
(A) IN THIS TITLE, UNLESS THE CONTEXT REQUIRES OTHERWISE,
THE FOLLOWING WORDS HAVE THE MEANINGS INDICATED.
(B) "CONSTRUCTION", "FARM", "INDUSTRIAL", AND "OUTDOOR
POWER", WHEN USED TO REFER TO TRACTORS, IMPLEMENTS, ATTACHMENTS,
OR REPAIR PARTS, HAVE THE MEANINGS COMMONLY USED AND UNDERSTOOD
AMONG DEALERS AND SUPPLIERS OF THOSE TRADES.
(C) "CONTRACT" MEANS A WRITTEN OR ORAL CONTRACT OR
AGREEMENT BETWEEN A DEALER AND A SUPPLIER BY WHICH:
(1) THE DEALER IS GRANTED THE RIGHT TO SELL THE
SUPPLIER'S EQUIPMENT; AND
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