VETOES

SECTION 1. BE IT ENACTED BY THE GENERAL ASSEMBLY OF
MARYLAND, That the Laws of Maryland read as follows:

Article - Commercial Law

19-101.

(a) In this title, unless the context requires otherwise,
the following words have the meanings indicated.

(f) "Inventory" means the tractors, implements,
attachments, equipment, or repair parts that a dealer purchased
from a supplier.

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;

(5)  Any inventory that was acquired by the dealer
from a source other than the supplier; or

(6)  Any tractor, implement, attachment, [equipment,
or other inventory] OR EQUIPMENT 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.

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