Montana § 30-11-703 - Excepted Inventory
Full text of Montana Montana Code Annotated § 30-11-703 — Excepted Inventory, with citation guidance and answers to common questions.
§ 30-11-703. Excepted Inventory
Excepted inventory. The following inventory is not subject to the repurchase requirements of 30-11-702 : (1) any repair part that has a limited storage life or is otherwise subject to deterioration, such as rubber items, gaskets, or wet-charge batteries; (2) any repair part that is in a broken or damaged package; (3) any single repair part that is priced as a set of two or more items; (4) any repair part that because of its condition is not resalable as a new part without repackaging or reconditioning; (5) any inventory for which the retailer is unable to furnish evidence satisfactory to the wholesaler, manufacturer, or distributor of title, free and clear of all claims, liens, and encumbrances; (6) any inventory the retailer desires to keep, if the retailer has a contractual right to do so; (7) any inventory item other than a repair part that is not in essentially new, undamaged, and complete condition; (8) any repair part that is not in new, unused, or undamaged condition; (9) any inventory item, other than a repair part, that has been stocked for 36 months or more prior to notice of termination of the contract; (10) any inventory that was ordered by the retailer after the date of notification of termination of the contract; and (11) any inventory that was acquired from any source other than the wholesaler, manufacturer, or distributor. However, inventory acquired by trade between or among dealers of the same wholesaler, manufacturer, or distributor in the ordinary course of business is subject to the repurchase requirements of 30-11-702 .
Frequently Asked Questions About Montana § 30-11-703
What does Montana Code Annotated § 30-11-703 cover?
Section 30-11-703 ("Excepted Inventory") is part of the Montana Code Annotated, the codified statutory law of Montana. 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 Montana § 30-11-703?
A common citation format is "Montana Code Annotated § 30-11-703" (Montana). 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 Montana law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Montana official source linked on this page or consult a licensed Montana attorney.
How does Montana § 30-11-703 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Montana 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 Montana.