Virginia § 59.1-21.13 - Obligation of refiner to repurchase upon termination, etc., of agreement
Full text of Virginia Code of Virginia § 59.1-21.13 — Obligation of refiner to repurchase upon termination, etc., of agreement, with citation guidance and answers to common questions.
§ 59.1-21.13. Obligation of refiner to repurchase upon termination, etc., of agreement
In the event of any termination, cancellation, or failure to renew whether by mutual agreement or otherwise, a refiner shall make or cause to be made a good faith offer to repurchase from the dealer, his heirs, successors, and assigns, at the current wholesale prices any and all merchantable products purchased by such dealer from the refiner; provided, that in such event the refiner shall have the right to apply the proceeds against any existing indebtedness owed to him by the dealer; and provided further, that such repurchase obligation is conditioned upon there being no other claims or liens against such products by or on behalf of other creditors of the dealer.
1973, c. 423; 1979, c. 306; 1990, c. 907.
Source: official Virginia text · Last verified 2026-08-27
Frequently Asked Questions About Virginia § 59.1-21.13
What does Code of Virginia § 59.1-21.13 cover?
Section 59.1-21.13 ("Obligation of refiner to repurchase upon termination, etc., of agreement") is part of the Code of Virginia, the codified statutory law of Virginia. 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 Virginia § 59.1-21.13?
A common citation format is "Code of Virginia § 59.1-21.13" (Virginia). 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 Virginia law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Virginia official source linked on this page or consult a licensed Virginia attorney.
How does Virginia § 59.1-21.13 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Virginia 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 Virginia.