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Session Laws, 1987
Volume 769, Page 3380   View pdf image
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Ch. 752

LAWS OF MARYLAND

(2) A CLAIM NOT REJECTED BEFORE THE DEADLINE SHALL BE
DEEMED ACCEPTED.

(B) THE SUPPLIER SHALL PAY AN ACCEPTED CLAIM NOT LATER THAN
60 DAYS AFTER THE DAY THAT THE SUPPLIER RECEIVED THE CLAIM.

SUBTITLE 5.

ENFORCEMENT AND PENALTIES

19-501.

IF A SUPPLIER FAILS OR REFUSES TO REPURCHASE, IN ACCORDANCE
WITH § 19-202 OF THIS TITLE, ANY INVENTORY COVERED UNDER THE
PROVISIONS OF THIS TITLE WITHIN THE TIME PERIODS ESTABLISHED, THE
SUPPLIER IS CIVILLY LIABLE FOR:

INVENTORY;

(1) 100 PERCENT OF THE CURRENT NET PRICE OF THE

(2) THE AMOUNT THE DEALER PAID FOR FREIGHT COSTS FROM
THE SUPPLIER'S LOCATION TO THE DEALER'S LOCATION;

DEALER;
COSTS; AND

(3)  THE REASONABLE COST OF ASSEMBLY PERFORMED BY THE

(4)  THE DEALER'S REASONABLE ATTORNEY'S FEES AND COURT

(5) INTEREST ON THE CURRENT NET PRICE OF THE
INVENTORY, COMPUTED FROM THE 91ST DAY AFTER TERMINATION OF THE
CONTRACT AT THE LEGAL RATE OF INTEREST, BUT NOT EXCEEDING AN 18
PERCENT ANNUAL PERCENTAGE RATE.

19-502.                                                                                                             

ANY PERSON WHO SUFFERS MONETARY LOSS DUE TO A VIOLATION OF
THIS TITLE OR WHO REFUSES TO ACCEDE TO A PROPOSAL FOR AN
ARRANGEMENT THAT, IF CONSUMMATED, WOULD BE IN VIOLATION OF THIS
TITLE, MAY BRING A CIVIL ACTION TO ENJOIN FURTHER VIOLATION AND
TO RECOVER DAMAGES AND THE COSTS OF THE ACTION, INCLUDING
REASONABLE ATTORNEY FEES.

19-503.

IN THE EVENT OF FAILURE TO PROVIDE REQUIRED NOTICE OF
TERMINATION OR OTHERWISE COMPLY WITH PROVISIONS OF THE LAW, THE
SUPPLIER IS CIVILLY LIABLE FOR THE DEALER'S LOSS OF BUSINESS FOR
THE TIME PERIOD THE SUPPLIER IS IN VIOLATION OF THE NOTICE OF
TERMINATION PROVISIONS OF THIS TITLE, PLUS REASONABLE ATTORNEY
FEES AND COURT COSTS.

19-504.

- 3380 -

 

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Session Laws, 1987
Volume 769, Page 3380   View pdf image
 Jump to  
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