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Statutes > Michigan Statutes > Chapter 445 - TRADE AND COMMERCE > Act 341 of 1984 - FARM AND UTILITY EQUIPMENT ACT (445.1451 - 445.1460)

Act 341 of 1984 - FARM AND UTILITY EQUIPMENT ACT (445.1451 - 445.1460)

  • Section 445.1451 - Short title.
  • Section 445.1452 - Definitions.
  • Section 445.1453 - Repurchase of inventory on termination of agreement; election to keep inventory.
  • Section 445.1454 - Repurchase amount; handling, packing, and loading; effect of payment; subtraction of debts; shipment; undeliverable or unaccepted goods; notice of intent to return; duties of suppli
  • Section 445.1455 - Provisions supplemental; election of remedies; effect of electing contract remedy; charge back.
  • Section 445.1456 - Exceptions to repurchase requirement.
  • Section 445.1457 - Liability of supplier or manufacturer failing or refusing to pay or credit account of dealer; right of dealer to bring action.
  • Section 445.1457a - Notice of termination, cancellation, nonrenewal, or substantial change in competitive circumstances.
  • Section 445.1458 - Death of dealer or majority stockholder or partner; options of heirs; time limitation; new franchise agreement.
  • Section 445.1459 - Security interest in inventory not affected.
  • Section 445.1460 - Applicability of act.




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