NRS597.116. Limitations on requirements for supplier to repurchase inventory.

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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.

(Added to NRS by 2003, 3403)

                    
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