If a retailer enters into a retail agreement contract, written or unwritten, with a supplier where the retailer agrees to maintain an inventory and the contract is terminated, the supplier shall repurchase the inventory as provided in KRS 365.800 to 365.840. The retailer may keep the inventory if the retailer desires. If the retailer has any outstanding debts to the supplier, the repurchase amount may be credited to the retailer's account.
KRS 365.805
Repurchase of inventory from retailer by supplier
Applied in 2 court decisions — leading case 618 F. App'x 99 - Southern Track & Pump, Inc. v. Terex Corp. (2015)
Most recently applied in 618 F. App'x 99 - Southern Track & Pump, Inc. v. Terex Corp. (June 2015)
Effective: April 21, 2004 History: Amended 2004 Ky
Official source: Kentucky General Assembly. Reproduced from public-domain Kentucky statutes; confirm against the official source for the current text. Not legal advice.