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Michigan Legislature
Michigan Compiled Laws Complete Through PA 48 of 2019
House: Adjourned until Wednesday, October 23, 2019 1:30:00 PM
Senate: Adjourned until Wednesday, October 23, 2019 10:00:00 AM

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Act 341 of 1984
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Act 341 of 1984

AN ACT to provide for the compensation for or repurchase of certain farm tractors, attachments, equipment, and utility tractors and equipment by certain manufacturers or suppliers subject to certain dealer, wholesaler, or distributor agreements; to provide for the repurchase of certain repair parts; to impose certain duties and responsibilities on certain persons; and to provide certain remedies.

History: 1984, Act 341, Imd. Eff. Dec. 27, 1984 ;-- Am. 1989, Act 296, Imd. Eff. Jan. 3, 1990 ;-- Am. 1995, Act 86, Imd. Eff. June 20, 1995

© 2017 Legislative Council, State of Michigan

The People of the State of Michigan enact:

Section 445.1451SectionShort title.
Section 445.1452SectionDefinitions.
Section 445.1453SectionRepurchase of inventory on termination of agreement; election to keep inventory.
Section 445.1454SectionRepurchase amount; handling, packing, and loading; effect of payment; subtraction of debts; shipment; undeliverable or unaccepted goods; notice of intent to return; duties of supplier; duties of escrow agent; warranty claims.
Section 445.1455SectionProvisions supplemental; election of remedies; effect of electing contract remedy; charge back.
Section 445.1456SectionExceptions to repurchase requirement.
Section 445.1457SectionLiability of supplier or manufacturer failing or refusing to pay or credit account of dealer; right of dealer to bring action.
Section 445.1457aSectionNotice of termination, cancellation, nonrenewal, or substantial change in competitive circumstances.
Section 445.1458SectionDeath of dealer or majority stockholder or partner; options of heirs; time limitation; new franchise agreement.
Section 445.1459SectionSecurity interest in inventory not affected.
Section 445.1460SectionApplicability of act.
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