Ch. 752

LAWS OF MARYLAND

(2) THE DEALER IS REQUIRED TO ORDER AND MAINTAIN AN
INVENTORY IN EXCESS OF $25,000 AT CURRENT NET PRICE FROM THE
SUPPLIER.

(D)  "CURRENT NET PRICE" MEANS THE PRICE LISTED IN THE
SUPPLIER'S PRICE LIST IN EFFECT AT THE TIME THE CONTRACT
AGREEMENT IS TERMINATED, LESS ANY APPLICABLE DISCOUNT ALLOWED.

(E)  "DEALER" MEANS A PERSON:

(1)  ENGAGED IN THE BUSINESS OF SELLING, AT RETAIL,
CONSTRUCTION, FARM, INDUSTRIAL, OR OUTDOOR POWER EQUIPMENT;

(2)  MAINTAINING A TOTAL INVENTORY, VALUED AT OVER
$50,000, OF NEW EQUIPMENT AND REPAIR PARTS; AND

(3)  PROVIDING REPAIR SERVICE FOR THE EQUIPMENT SOLD.

(F)  "INVENTORY" MEANS THE TRACTORS, IMPLEMENTS,
ATTACHMENTS, EQUIPMENT, OR REPAIR PARTS THAT A DEALER PURCHASED
FROM A SUPPLIER.

(G)  "NET COST" MEANS THE PRICE THE DEALER PAID THE SUPPLIER
FOR THE INVENTORY, LESS ALL APPLICABLE DISCOUNTS ALLOWED, PLUS
THE AMOUNT THE DEALER PAID FOR FREIGHT COSTS FROM THE SUPPLIER'S
LOCATION TO THE DEALER'S LOCATION, PLUS THE REASONABLE COST' OF
ASSEMBLY PERFORMED BY THE DEALER.

(H) "SUPPLIER" MEANS A WHOLESALER, MANUFACTURER, OR
DISTRIBUTOR WHO ENTERS INTO A CONTRACT AGREEMENT WITH A DEALER.

(I) "TERMINATION" MEANS THE TERMINATION, CANCELLATION,
NONRENEWAL, OR NONCONTINUATION OF A CONTRACT.

19-102.

(A) THIS TITLE DOES NOT REQUIRE A SUPPLIER TO REPURCHASE
FROM A DEALER:

(1)  A REPAIR PART WITH A LIMITED STORAGE LIFE OR
OTHERWISE SUBJECT TO DETERIORATION, SUCH AS A GASKET OR BATTERY;

(2)  MULTIPLE PACKAGED REPAIR PARTS IF THE PACKAGE HAS
BEEN BROKEN;

(3)  A REPAIR PART THAT, BECAUSE OF ITS CONDITION, IS
NOT RESALABLE AS A NEW PART WITHOUT REPACKAGING OR
RECONDITIONING;

(4)  ANY INVENTORY THAT THE DEALER CHOOSES TO RETAIN;
OR

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