Louisiana § RS 51:489 - Liability for failure to repurchase
Full text of Louisiana Louisiana Civil Code § RS 51:489 — Liability for failure to repurchase, with citation guidance and answers to common questions.
§ RS 51:489. Liability for failure to repurchase
In the event that the agent fails or refuses to make payment to the dealer or his heir or heirs as required by this Part within sixty days after shipment of returned items, he shall be liable to the retailer or his heir or heirs for damages in the following amounts:
(1) One hundred percent of the net cost of the equipment, implements, machinery and attachments.
(2) Transportation charges which have been paid by the dealer.
(3) One hundred percent of the current net price of repair parts plus transportation cost.
(4) Interest at the same rate as fixed by law for legal interest, accruing from sixty days after shipment of return items.
Acts 1991, No. 627, §1.
Source: official Louisiana text · Last verified 2026-08-27
Frequently Asked Questions About Louisiana § RS 51:489
What does Louisiana Civil Code § RS 51:489 cover?
Section RS 51:489 ("Liability for failure to repurchase") is part of the Louisiana Civil Code, the codified statutory law of Louisiana. 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 Louisiana § RS 51:489?
A common citation format is "Louisiana Civil Code § RS 51:489" (Louisiana). 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 Louisiana law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Louisiana official source linked on this page or consult a licensed Louisiana attorney.
How does Louisiana § RS 51:489 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Louisiana 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 Louisiana.