                                 CODE OF VIRGINIA

REPURCHASE OF VEHICLES, PARTS, AND EQUIPMENT IN THE EVENT OF INVOLUNTARY
DISCONTINUATION, CANCELLATION, OR NONRENEWAL OF FRANCHISE AGREEMENT (§
46.2-1573.30)

A. In the event of any involuntary discontinuation, cancellation, or nonrenewal
of a franchise agreement, the manufacturer or distributor shall, within 60 days
from the effective date of the discontinuation, cancellation, or nonrenewal of a
franchise agreement, repurchase at the price equal to the amount paid therefor
by the motorcycle dealer, less all incentives and allowances received by the
dealer, (i) all new, unused, undamaged, and unaltered motorcycles, all-terrain
vehicles, or off-road motorcycles of the current or previous model year that the
manufacturer or distributor sold to the dealer and (ii) any other such
motorcycle, all-terrain vehicle, or off-road motorcycle that it sold to the
dealer not more than 180 days prior to the notice of termination. The foregoing
provisions of this subsection shall apply only if the dealer transfers to the
manufacturer or distributor full right and legal title to the motorcycles,
all-terrain vehicles, and off-road motorcycles prior to their repurchase.

B. In the event of any involuntary discontinuation, cancellation, or nonrenewal
of a franchise agreement, the manufacturer or distributor shall, if so requested
by the dealer within the same 60-day period, also repurchase all genuine new and
unused motorcycle, all-terrain vehicle, and off-road motorcycle parts and
accessories that the manufacturer or distributor sold to the dealer so long as
such parts and accessories are undamaged, in their original packaging, and
listed in the current parts and accessories price list of the manufacturer or
distributor. Such parts and accessories shall be repurchased at a price equal to
the wholesale price stated in the current parts and accessories price list of
the manufacturer or distributor, less all incentives and allowances received by
the dealer and without reduction for such repurchase or for processing or
handling the repurchase. The foregoing provisions of this subsection shall apply
only if the dealer transfers to the manufacturer or distributor full right and
legal title to the parts and accessories prior to their repurchase.

C. In the event of any involuntary discontinuation, cancellation, or nonrenewal
of a franchise agreement, the manufacturer or distributor shall, if so requested
by the dealer within the same 60-day period, repurchase the new and used
equipment that the manufacturer or distributor sold to the dealer at its then
fair market value, including signs, special tools, and manuals that the
manufacturer or distributor required the dealer to purchase. The foregoing
provisions of this subsection shall apply only if the dealer transfers to the
manufacturer or distributor full right and legal title to the equipment prior to
its repurchase.

HISTORY: 2004, c. 107, § 46.2-1993.67:2; 2015, c. 615.