WILLIAM DONALD SCHAEFER, Governor                   Ch. 752

(5)  ANY INVENTORY THAT WAS ACQUIRED BY THE DEALER
FROM A SOURCE OTHER THAN THE SUPPLIER; OR

(6) ANY TRACTOR, IMPLEMENT, ATTACHMENT, OR EQUIPMENT
, OR OTHER INVENTORY THAT THE DEALER PURCHASED FROM THE SUPPLIER

MORE THAN 36 MONTHS BEFORE THE DATE OF THE NOTICE OF TERMINATION.

(B)  THIS TITLE DOES NOT EFFECT A SECURITY INTEREST OF THE
SUPPLIER IN THE INVENTORY OF THE DEALER.

(C)  REPURCHASE OF INVENTORY UNDER THIS TITLE IS NOT SUBJECT
TO THE BULK TRANSFERS PROVISIONS OF TITLE 6 OF THIS ARTICLE.

(D) THIS TITLE DOES NOT APPLY TO A WRITTEN OR ORAL CONTRACT
OR AGREEMENT BETWEEN A DEALER AND A SUPPLIER IF, UNDER THE
CONTRACT OR AGREEMENT, THE SUPPLIER DOES NOT REQUIRE THE DEALER
TO ORDER AND MAINTAIN AN INVENTORY IN EXCESS OF $25,000 AT
CURRENT NET PRICE FROM THE SUPPLIER.

SUBTITLE 2. REPURCHASE REQUIREMENTS AND TERMS

19-201.

(A)  SUBJECT TO § 19-102 OF THIS TITLE, WHENEVER A CONTRACT
BETWEEN A DEALER AND A SUPPLIER IS TERMINATED BY EITHER PARTY,
THE SUPPLIER SHALL REPURCHASE THE DEALER'S INVENTORY ON THE TERMS
SPECIFIED IN § 19-202 OF THIS TITLE.

(B)  (1) IN THE EVENT THAT A DEALER, WHO IS AN INDIVIDUAL
AND A PARTY TO A CONTRACT, DIES OR IS ADJUDICATED INCOMPETENT,
THE DECEDENT'S HEIRS ON LEGATEES, OR THE INDIVIDUAL'S GUARDIAN OR
OTHER FIDUCIARY, MAY REQUIRE THE SUPPLIER TO REPURCHASE THE
INVENTORY AS IF THE CONTRACT HAD BEEN TERMINATED.

(2) AN HEIR OR LEGATEE OR A GUARDIAN OR OTHER
FIDUCIARY HAS 1 YEAR FROM THE DATE OF THE DEATH OR ADJUDICATION
OF INCOMPETENCY TO EXERCISE THE OPTION PROVIDED UNDER THIS
SUBSECTION.

19-202.

(A)  WITHIN 90 DAYS AFTER TERMINATION OF THE CONTRACT THE
SUPPLIER SHALL REPURCHASE FROM THE DEALER ALL INVENTORY,
PREVIOUSLY PURCHASED FROM THE SUPPLIER, THAT REMAINS UNSOLD ON
THE DATE THE CONTRACT TERMINATES.

(B)  (1) THE SUPPLIER SHALL PAY THE DEALER:

(I) 100 PERCENT OF THE NET COST OF ALL NEW,
UNUSED, UNDAMAGED, AND COMPLETE INVENTORY EXCEPT REPAIR PARTS,
LESS A REASONABLE ALLOWANCE FOR DETERIORATION ATTRIBUTABLE TO
WEATHER CONDITIONS AT THE DEALER'S LOCATION; AND

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