SB 1269 -- Contracts for Farm Equipment

Sponsor:  Cauthorn

This bill repeals the law relating to the repurchase of
industrial, maintenance, and construction power equipment and
outdoor power equipment used for lawn, garden, golf course,
landscaping, or grounds maintenance upon cancellation of
contracts.  The bill replaces the term "farm implements" in the
definition of inventory with the terms "equipment" and
"implements" in the law relating to the repurchase of farm
machinery inventory on the termination of a dealership.  The bill
requires wholesalers, manufacturers, or distributors to
repurchase equipment, implements, machinery, and attachments at
100% of the net cost and to repurchase repair parts at 95% of the
current net price at the termination of a contract, with some
exceptions.

Missouri House of Representatives
Last Updated October 11, 2002 at 9:04 am