Tennessee § 47-25-1307 - Exceptions to repurchase requirement.

§ 47-25-1307. Exceptions to repurchase requirement.

This part shall not require the repurchase from a retailer of: Any repair part which, because of its condition, is not resalable as a new part; Any inventory which the retailer desires to keep; provided, that the retailer has a contractual right to do so; Any farm implements and machinery, construction, utility and industrial equipment, outdoor power equipment and attachments which are not current models or which are not in new, unused, undamaged, complete condition; provided, that the equipment used in demonstrations or leased as provided in § 47-25-1305 shall be considered new and unused; Any repair parts which are not in new, unused, undamaged condition; Any farm implements and machinery, construction, utility and industrial equipment, outdoor power equipment or attachments which were purchased more than thirty-six (36) months prior to notice of termination of the contract; or Any inventory which was ordered by the retailer on or after the date of termination of the contract. Acts 1999, ch. 193, § 8. Compiler's Notes. Former part 13, §§ 47-25-1301 —47-25-1310 (Acts 1977, ch. 257, §§ 1-9; 1986, ch. 573, §§ 1, 2; 1987, ch. 99, §§ 1-4; T.C.A., §§ 47-19-101 —47-19-110; Acts 1997, ch. 272, § 6), concerning repurchase of terminated franchise inventory, was repealed by Acts 1999, ch. 193, § 1, eff. July 1, 1999. For current provisions, see this part. Cited: Middle Tennessee Assoc., Inc. v. Leeville Motors, Inc., 803 S.W.2d 206, 1991 Tenn. LEXIS 23 (Tenn. 1991).