N.C. Gen. Stat. § 66-186
Uniform commercial practice
Redline — June 1, 2021 → current.View current text →
Current — April 1, 2022
As of June 1, 2021
(1) This Article does not affect a security interest of the supplier in the inventory of the dealer.
(1) This Article does not affect a security interest of the supplier in the inventory of the dealer.
(2) Repealed by Session Laws 2004-190, s. 4, effective January 1, 2005.
(2) Repealed by Session Laws 2004-190, s. 4, effective January 1, 2005.
(3) The dealer and supplier shall furnish representatives to inspect all parts and certify their acceptability when packed for shipment. Failure of the supplier to provide a representative within 60 days shall result in automatic acceptance by the supplier of all returned items.
(3) The dealer and supplier shall furnish representatives to inspect all parts and certify their acceptability when packed for shipment. Failure of the supplier to provide a representative within 60 days shall result in automatic acceptance by the supplier of all returned items.
History
(1985, c. 441, s. 1; 2001-343, s. 1; 2004-190, s. 4.)
Effect of Amendments. - Session Laws 2004-190, s. 4, effective January 1, 2005, repealed subsection (b) which read: "(b) A repurchase of inventory under this Article shall not be subject to the bulk sales provisions of Article 6 of Chapter 25 of the General Statutes."
Official source: North Carolina General Assembly. Reproduced from public-domain North Carolina statutes; confirm against the official source for the current text. Not legal advice.