HB 2114 -- Equipment Dealers

Co-Sponsors:  Whorton, Berkowitz, Shoemyer (9), Merideth, Legan

This bill repeals the law relating to the repurchase of
industrial, maintenance and construction power equipment, and
outdoor power equipment used for lawn, garden, golf course,
landscaping, or grounds maintenance upon cancellation of
contracts.  Current law requires wholesalers, manufacturers, or
distributers to repurchase the equipment from retailers at 90% of
the net cost, with certain exceptions, and includes provisions
for remedies to the retailer and penalties to the manufacturer,
wholesaler, or distributer upon refusal to repurchase equipment.
The bill replaces the term "farm implements" in the definition of
inventory with the terms "equipment" and "implements" in the law
relating to the repurchase of farm machinery inventory on the
termination of a dealership.  This law requires wholesalers,
manufacturers, or distributers to repurchase equipment,
implements, machinery, and attachments at 100% of the net cost
and to repurchase repair parts at 95% of the current net price at
the termination of a contract, with some exceptions.

Missouri House of Representatives
Last Updated October 11, 2002 at 9:03 am