Arkansas § 4-72-309 - Liability for failure to repurchase.
Full text of Arkansas Arkansas Code of 1987 Annotated § 4-72-309 — Liability for failure to repurchase., with citation guidance and answers to common questions.
§ 4-72-309. Liability for failure to repurchase.
If any wholesaler, manufacturer, or distributor fails or refuses to repurchase any inventory covered under the provisions of this subchapter within sixty (60) days after shipment of the inventory, he or she shall be civilly liable for one hundred percent (100%) of the current net price of the inventory, plus any freight charges paid by the retailer, the retailer's attorney's fees, court costs, and interest on the current net price computed at the legal interest rate from the sixty-first day after shipment.
Frequently Asked Questions About Arkansas § 4-72-309
What does Arkansas Code of 1987 Annotated § 4-72-309 cover?
Section 4-72-309 ("Liability for failure to repurchase.") is part of the Arkansas Code of 1987 Annotated, the codified statutory law of Arkansas. 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 Arkansas § 4-72-309?
A common citation format is "Arkansas Code of 1987 Annotated § 4-72-309" (Arkansas). 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 Arkansas law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Arkansas official source linked on this page or consult a licensed Arkansas attorney.
How does Arkansas § 4-72-309 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Arkansas 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 Arkansas.