If a dealership is terminated by the grantor, the grantor, at the option of the dealer, shall repurchase all inventories sold by the grantor to the dealer for resale under the dealership agreement at the fair market value. This section applies only to merchandise with a name, trademark, label or other mark on it which identifies the grantor.
R.I. Gen. Laws § 6-54-5
Repurchase of inventories
Known as the Rhode Island Dealership Preservation and Protection Act
The act spans §§ 6–6 (10 sections).
P.L. 2013, ch. 308, § 1; P.L. 2013, ch. 370, § 1.
Official source: Rhode Island General Assembly. Reproduced from public-domain Rhode Island statutes; confirm against the official source for the current text. Not legal advice.