Mississippi § 75-77-3 - Supplier shall repurchase inventory maintained by retailer upon termination of contract.
Full text of Mississippi Mississippi Code of 1972 Annotated § 75-77-3 — Supplier shall repurchase inventory maintained by retailer upon termination of contract., with citation guidance and answers to common questions.
§ 75-77-3. Supplier shall repurchase inventory maintained by retailer upon termination of contract.
Whenever any retailer enters into an agreement, evidenced by a written or oral contract, with a supplier wherein the retailer agrees to maintain an inventory of parts and to provide service and the contract is terminated, then the supplier shall repurchase the inventory as provided in this chapter. The retailer may keep the inventory if he desires. If the retailer has any outstanding debts to the supplier, then the repurchase amount may be setoff or credited to the retailer’s account.
Source: official Mississippi text · Last verified 2026-08-27
Frequently Asked Questions About Mississippi § 75-77-3
What does Mississippi Code of 1972 Annotated § 75-77-3 cover?
Section 75-77-3 ("Supplier shall repurchase inventory maintained by retailer upon termination of contract.") is part of the Mississippi Code of 1972 Annotated, the codified statutory law of Mississippi. 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 Mississippi § 75-77-3?
A common citation format is "Mississippi Code of 1972 Annotated § 75-77-3" (Mississippi). 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 Mississippi law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Mississippi official source linked on this page or consult a licensed Mississippi attorney.
How does Mississippi § 75-77-3 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Mississippi 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 Mississippi.