Tennessee § 47-25-1308 - Civil liability for failure to repurchase.
Full text of Tennessee Tennessee Code Annotated § 47-25-1308 — Civil liability for failure to repurchase., with citation guidance and answers to common questions.
§ 47-25-1308. Civil liability for failure to repurchase.
If any supplier fails or refuses to repurchase and pay the retailer for any inventory covered under this part within sixty (60) days after shipment of such inventory, such supplier 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 fees, court costs and interest on the current net price computed at the legal interest rate from the sixty-first day after date of shipment. Acts 1999, ch. 193, § 9. 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T.C.A., §§ 47-19-101 —47-19-110; Acts 1997, ch. 272, § 6), concerning repurchase of terminated franchise inventory, was repealed by Acts 1999, ch. 193, § 1, eff.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: Power & Tel. Supply Co. v. Harmonic, Inc., 268 F. Supp. 2d 981, 2003 U.S. Dist. LEXIS 10602 (W.D. Tenn. 2003). Collateral References. Fraud in connection with franchise or distributorship relationship. 64 A.L.R.3d 6.
Source: official Tennessee text · Last verified 2026-08-27
Frequently Asked Questions About Tennessee § 47-25-1308
What does Tennessee Code Annotated § 47-25-1308 cover?
Section 47-25-1308 ("Civil liability for failure to repurchase.") is part of the Tennessee Code Annotated, the codified statutory law of Tennessee. 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 Tennessee § 47-25-1308?
A common citation format is "Tennessee Code Annotated § 47-25-1308" (Tennessee). 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 Tennessee law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Tennessee official source linked on this page or consult a licensed Tennessee attorney.
How does Tennessee § 47-25-1308 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Tennessee 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 Tennessee.