Repurchase amount due within thirty days; title to inventory.

  1. Law
  2. South Carolina Code of Laws
  3. Trade and Commerce
  4. Franchise Agreements Relating To Retail And Repurchase Of Farm Implements, Etc.
  5. Repurchase amount due within thirty days; title to inventory.

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The wholesaler, manufacturer, or distributor shall make payment of the full repurchase amount to the retailer not later than thirty days after the receipt of inventory as provided for in Section 39-59-30. Upon payment of the repurchase amount to the retailer, the title and right of possession to the repurchased inventory shall transfer to the wholesaler, manufacturer, or distributor.

HISTORY: 1984 Act No. 326.


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