Ch. 753

LAWS OF MARYLAND

(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)  10 0 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

(II)  100 PERCENT 85 PERCENT OF THE CURRENT NET
PRICE OF ALL NEW, UNUSED, AND UNDAMAGED REPAIR PARTS CURRENTLY
LISTED IN THE SUPPLIER'S PRICE BOOK.

(2) THE SUPPLIER MAY PERFORM THE HANDLING, PACKING,
AND LOADING OF REPAIR PARTS RETURNED AND WITHHOLD, AS A CHARGE
FOR THESE SERVICES, 5 PERCENT OF THE CURRENT NET PRICE OF THE
RETURNED REPAIR PARTS.

(C)  (1) THE INVENTORY SHALL BE RETURNED FOB THE DEALER.

(2) THE DEALER AND THE SUPPLIER MAY EACH FURNISH A
REPRESENTATIVE TO INSPECT ALL INVENTORY AND CERTIFY THE
ACCEPTABILITY OF ANY ITEM BEFORE IT IS REPURCHASED.

(D)  THE SUPPLIER SHALL PAY THE FULL REPURCHASE AMOUNT TO
THE DEALER NOT LATER THAN 60 DAYS AFTER RECEIPT OF THE INVENTORY.

SUBTITLE 3. NOTICE OF TERMINATION OF CONTRACTS

19-301.

NOTWITHSTANDING ANY AGREEMENT TO THE CONTRARY AND SUBJECT TO
§ 19-302 OF THIS TITLE, A SUPPLIER WHO PLANS TO TERMINATE A
CONTRACT SHALL NOTIFY, IN ACCORDANCE WITH § 19-305 OF THIS TITLE,
THE DEALER OF THE PLANNED TERMINATION NOT LESS THAN 6 MONTHS
PRIOR TO THE EFFECTIVE DATE OF THE TERMINATION.

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