WILLIAM DONALD SCHAEFER, Governor
Ch. 753
THE PROVISIONS OF THIS SUBTITLE ARE IN ADDITION TO ALL LEGAL
OR EQUITABLE REMEDIES AVAILABLE AT LAW, AND ANY AGREEMENT BETWEEN
THE SUPPLIER AND DEALER.
19-505.
A CIVIL ACTION COMMENCED UNDER THE PROVISIONS OF THIS TITLE
SHALL BE BROUGHT WITHIN 4 YEARS AFTER THE VIOLATION COMPLAINED OF
IS OR REASONABLY SHOULD HAVE BEEN DISCOVERED.
SECTION 2. AND BE IT FURTHER ENACTED, That this Act shall
take effect July 1, 1987.
Approved June 2, 1987.
CHAPTER 753
(House Bill 639)
AN ACT concerning
Commercial Law - Equipment Dealer Contract Act
FOR the purpose of providing that upon termination by either
party of certain contracts between dealers and suppliers of
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)
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