Alaska § 45.27.050 - Repurchase obligations on cancellation or nonrenewal.
Full text of Alaska Alaska Statutes § 45.27.050 — Repurchase obligations on cancellation or nonrenewal., with citation guidance and answers to common questions.
§ 45.27.050. Repurchase obligations on cancellation or nonrenewal.
(a) On the cancellation or nonrenewal of a dealership agreement by a manufacturer without satisfying the requirements under AS 45.27.020 , the manufacturer shall repurchase from the authorized dealer's inventory (1) each new and unused product of the manufacturer that is a current product model, or the product model from the previous year; and
(2) each product part that (A) was purchased from the manufacturer by the authorized dealer;
(B) is listed in the manufacturer's parts price books in the previous two years; and
(C) has not been damaged or substantially altered to the prejudice of the manufacturer while in the possession of the authorized dealer.
(b) Within 90 days after the effective date of the cancellation or nonrenewal, the authorized dealer shall return the property required by (a) of this section to be repurchased to the manufacturer at the manufacturer's expense. The manufacturer shall pay the compensation for the property within 60 days after the tender of inventory and other items if the authorized dealer has clear title to the property and is in a position to convey that title to the manufacturer. If the property is subject to a security interest, the manufacturer may make the payments jointly to the authorized dealer and the holder of the security interest, and the manufacturer may offset the payment.
(c) The amount of a repurchase required by (a) of this section must be based on the authorized dealer's landed cost, subject to adjustments to landed costs for quarterly or annual purchase rebates and credits given to the authorized dealer on the products or product parts.
Article 2. Product Warranties.
Source: official Alaska text · Last verified 2026-08-27
Frequently Asked Questions About Alaska § 45.27.050
What does Alaska Statutes § 45.27.050 cover?
Section 45.27.050 ("Repurchase obligations on cancellation or nonrenewal.") is part of the Alaska Statutes, the codified statutory law of Alaska. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Alaska § 45.27.050?
A common citation format is "Alaska Statutes § 45.27.050" (Alaska). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Alaska law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Alaska official source linked on this page or consult a licensed Alaska attorney.
How does Alaska § 45.27.050 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Alaska can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Alaska.