If a distributor elects to discontinue doing business in the state of Utah during the term of a marketing agreement with the dealer, the distributor shall repurchase merchandise in salable condition at a fair wholesale market value not to exceed original invoice price which the dealer has purchased from the distributor.
Utah Code § 13-12-6
Distributor electing not to continue doing business in state -- Repurchase merchandise
Known as the Gasoline Products Marketing Act
The act spans §§ 13–13 (8 sections).
Enacted by Chapter 6, 1975 Special Session 1; Enacted by Chapter 6, 1975 Special Session 1
Official source: Utah State Legislature. Reproduced from public-domain Utah statutes; confirm against the official source for the current text. Not legal advice.