{"formats":[{"name":"JSON","format":"json","url":"\/downloads\/2025\/code-json\/59.1-352.4.json"},{"name":"Plain Text","format":"text","url":"\/downloads\/2025\/code-text\/59.1-352.4.txt"},{"name":"XML","format":"xml","url":"\/downloads\/2025\/code-xml\/59.1-352.4.xml"},{"name":"HTML","format":"html","url":"\/downloads\/2025\/code-html\/59.1-352.4.html"}],"law_id":55756,"edition_id":1,"section_id":55756,"structure_id":14413,"section_number":"59.1-352.4","catch_line":"Supplier’s duty to repurchase","history":"2002, c. 898.","full_text":"A\n\nWhenever a dealer enters into an agreement evidenced by a written or oral contract in which the dealer agrees to maintain an inventory, and the agreement is terminated by either party, the supplier shall repurchase the dealer’s inventory as provided in this chapter unless the dealer chooses to keep the inventory. If the dealer has any outstanding debts to the supplier, then the repurchase amount may be set off or credited to the retailer’s account.B\n\nWhenever a dealer enters into an agreement in which the dealer agrees to maintain an inventory, and the dealer, or the majority stockholder of the dealer if the dealer is a corporation, dies or becomes incompetent, the supplier shall, at the option of the heir, personal representative, or guardian of the dealer, or the person who succeeds to the stock of the majority stockholder, repurchase the inventory as if the agreement had been terminated. The heir, personal representative, guardian, or succeeding stockholder has one year from the date of the death of the dealer or majority stockholder to exercise the option under this chapter.","order_by":null,"text":{"0":{"id":204317,"text":"Whenever a dealer enters into an agreement evidenced by a written or oral contract in which the dealer agrees to maintain an inventory, and the agreement is terminated by either party, the supplier shall repurchase the dealer’s inventory as provided in this chapter unless the dealer chooses to keep the inventory. If the dealer has any outstanding debts to the supplier, then the repurchase amount may be set off or credited to the retailer’s account.","type":"section","prefixes":["A"],"prefix":"A","entire_prefix":"A","prefix_anchor":"A","level":1,"next_prefix":"B"},"1":{"id":204318,"text":"Whenever a dealer enters into an agreement in which the dealer agrees to maintain an inventory, and the dealer, or the majority stockholder of the dealer if the dealer is a corporation, dies or becomes incompetent, the supplier shall, at the option of the heir, personal representative, or guardian of the dealer, or the person who succeeds to the stock of the majority stockholder, repurchase the inventory as if the agreement had been terminated. The heir, personal representative, guardian, or succeeding stockholder has one year from the date of the death of the dealer or majority stockholder to exercise the option under this chapter.","type":"section","prefixes":["B"],"prefix":"B","entire_prefix":"B","prefix_anchor":"B","level":1,"prior_prefix":"A"}},"ancestry":[{"id":14413,"edition_id":1,"name":"Equipment Dealers Protection Act","identifier":"27.1","label":"chapter","depth":2,"order_by":1,"parent_id":12809,"metadata":{},"date_created":"2026-06-26 03:48:03","date_modified":"2026-06-26 03:48:03","permalink":{"id":260959,"object_type":"structure","relational_id":14413,"identifier":"27.1","token":"59.1\/27.1","url":"\/59.1\/27.1\/","edition_id":1,"permalink":0,"preferred":1}},{"id":12809,"edition_id":1,"name":"Trade and Commerce","identifier":"59.1","label":"title","depth":1,"order_by":1,"parent_id":null,"metadata":{},"date_created":"2026-06-26 03:43:54","date_modified":"2026-06-26 03:43:54","permalink":{"id":259521,"object_type":"structure","relational_id":12809,"identifier":"59.1","token":"59.1","url":"\/59.1\/","edition_id":1,"permalink":0,"preferred":1}}],"structure_contents":[{"id":58633,"structure_id":14413,"section_number":"59.1-352.1","catch_line":"Definitions","url":"\/59.1-352.1\/","token":"59.1\/27.1\/59.1-352.1","metadata":false},{"id":83699,"structure_id":14413,"section_number":"59.1-352.10","catch_line":"Failure to repurchase; civil remedy","url":"\/59.1-352.10\/","token":"59.1\/27.1\/59.1-352.10","metadata":false},{"id":71127,"structure_id":14413,"section_number":"59.1-352.2","catch_line":"Usage of trade","url":"\/59.1-352.2\/","token":"59.1\/27.1\/59.1-352.2","metadata":false},{"id":86047,"structure_id":14413,"section_number":"59.1-352.3","catch_line":"Notice of termination of agreements","url":"\/59.1-352.3\/","token":"59.1\/27.1\/59.1-352.3","metadata":false},{"id":55756,"structure_id":14413,"section_number":"59.1-352.4","catch_line":"Supplier's duty to repurchase","url":"\/59.1-352.4\/","token":"59.1\/27.1\/59.1-352.4","metadata":false},{"id":86662,"structure_id":14413,"section_number":"59.1-352.5","catch_line":"Repurchase terms","url":"\/59.1-352.5\/","token":"59.1\/27.1\/59.1-352.5","metadata":false},{"id":80639,"structure_id":14413,"section_number":"59.1-352.6","catch_line":"Exceptions to repurchase requirement","url":"\/59.1-352.6\/","token":"59.1\/27.1\/59.1-352.6","metadata":false},{"id":78135,"structure_id":14413,"section_number":"59.1-352.7","catch_line":"Uniform commercial practice","url":"\/59.1-352.7\/","token":"59.1\/27.1\/59.1-352.7","metadata":false},{"id":57640,"structure_id":14413,"section_number":"59.1-352.8","catch_line":"Warranty obligations","url":"\/59.1-352.8\/","token":"59.1\/27.1\/59.1-352.8","metadata":false},{"id":74740,"structure_id":14413,"section_number":"59.1-352.9","catch_line":"Prohibited acts","url":"\/59.1-352.9\/","token":"59.1\/27.1\/59.1-352.9","metadata":false}],"previous_section":{"id":86047,"structure_id":14413,"section_number":"59.1-352.3","catch_line":"Notice of termination of agreements","url":"\/59.1-352.3\/","token":"59.1\/27.1\/59.1-352.3","metadata":false},"next_section":{"id":86662,"structure_id":14413,"section_number":"59.1-352.5","catch_line":"Repurchase terms","url":"\/59.1-352.5\/","token":"59.1\/27.1\/59.1-352.5","metadata":false},"metadata":false,"official_url":"https:\/\/law.lis.virginia.gov\/vacode\/59.1-352.4\/","history_text":"

This law was first created in 2002. The record of its establishment is cataloged in chapter 898<\/a> of that year\u2019s edition of \u201cActs of Assembly,\u201d the annual state publication listing all changes made to the Code of Virginia in that year.<\/p>","references":false,"refers_to":false,"permalink":{"id":260977,"object_type":"law","relational_id":55756,"identifier":"59.1-352.4","token":"59.1\/27.1\/59.1-352.4","url":"\/59.1-352.4\/","edition_id":1,"permalink":0,"preferred":1},"url":"\/59.1-352.4\/","token":"59.1\/27.1\/59.1-352.4","dublin_core":{"Title":"Supplier’s duty to repurchase","Type":"Text","Format":"text\/html","Identifier":"\u00a7 59.1-352.4","Relation":"Code of Virginia"},"html":"\n\t\t\t\t\t\t

A.<\/span> Whenever a dealer<\/span> enters into an agreement<\/span> evidenced by a written or oral contract<\/span> in which the dealer<\/span> agrees to maintain an inventory<\/span>, and the agreement<\/span> is terminated by either party<\/span>, the supplier<\/span> shall repurchase the dealer<\/span>’s inventory<\/span> as provided in this chapter unless the dealer<\/span> chooses to keep the inventory<\/span>. If the dealer<\/span> has any outstanding debts to the supplier<\/span>, then the repurchase amount may be set off or credited to the retailer’s account. <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

B.<\/span> Whenever a dealer<\/span> enters into an agreement<\/span> in which the dealer<\/span> agrees to maintain an inventory<\/span>, and the dealer<\/span>, or the majority stockholder of the dealer<\/span> if the dealer<\/span> is a corporation, dies or becomes incompetent, the supplier<\/span> shall, at the option of the heir, personal representative, or guardian of the dealer<\/span>, or the person who succeeds to the stock of the majority stockholder, repurchase the inventory<\/span> as if the agreement<\/span> had been terminated. The heir, personal representative, guardian, or succeeding stockholder has one year from the date of the death of the dealer<\/span> or majority stockholder to exercise the option under this chapter. <\/i><\/a><\/p><\/section>","plain_text":" CODE OF VIRGINIA\n\nSUPPLIER’S DUTY TO REPURCHASE (\u00a7 59.1-352.4)\n\nA. Whenever a dealer enters into an agreement evidenced by a written or oral\ncontract in which the dealer agrees to maintain an inventory, and the agreement\nis terminated by either party, the supplier shall repurchase the dealer’s\ninventory as provided in this chapter unless the dealer chooses to keep the\ninventory. If the dealer has any outstanding debts to the supplier, then the\nrepurchase amount may be set off or credited to the retailer’s account.\n\nB. Whenever a dealer enters into an agreement in which the dealer agrees to\nmaintain an inventory, and the dealer, or the majority stockholder of the dealer\nif the dealer is a corporation, dies or becomes incompetent, the supplier shall,\nat the option of the heir, personal representative, or guardian of the dealer,\nor the person who succeeds to the stock of the majority stockholder, repurchase\nthe inventory as if the agreement had been terminated. The heir, personal\nrepresentative, guardian, or succeeding stockholder has one year from the date\nof the death of the dealer or majority stockholder to exercise the option under\nthis chapter.\n\nHISTORY: 2002, c. 898.","edition":{"id":1,"name":"2025","slug":"2025","date_created":"2026-06-21 22:39:22","date_modified":"2026-06-21 22:39:22","current":1,"order_by":1,"last_import":null}}