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NRS 597.116

Limitations on requirements for supplier to repurchase inventory

Known as the Infant Crib Safety Act

The act spans §§ 597–597 (272 sections).

(Added to NRS by 2003, 3403)

The provisions of NRS 597.112 to 597.118, inclusive, do not require a supplier to repurchase from a dealer:

1. Any repair part which is not in new and undamaged condition or, because of its condition, is not resalable as a new part;

2. Any inventory which the dealer retains pursuant to subsection 3 of NRS 597.1153;

3. Any inventory which is not in new, undamaged and complete condition;

4. Any inventory which was ordered by the dealer on or after the date of the termination of the dealer agreement; or

5. Any inventory which was purchased more than 36 months before the notice of the termination of the dealer agreement is provided.

Official source: Nevada Legislature. Reproduced from public-domain Nevada statutes; confirm against the official source for the current text. Not legal advice.