Skip to main content
Find a Lawyer

Arizona Revised Statutes Title 44. Trade and Commerce § 44-1558. Obligation of distributor to repurchase upon termination of agreement; designation of successor in interest

Current as of January 01, 2025 | Updated by Findlaw Staff

A. In the event of any termination, cancellation or failure to renew, whether by mutual agreement or otherwise, a distributor shall make or cause to be made a good faith offer to repurchase from the dealer, his heirs, successors and assigns, at the current wholesale prices, any and all merchantable products purchased by such dealer from the distributor, provided that the distributor shall have the right to apply the proceeds against any existing indebtedness owed to him by the dealer and that such repurchase obligation is conditioned upon there being no other claims or liens against such products by or on behalf of other creditors of the dealer. Such repurchase shall not constitute a waiver of the dealer's other rights and remedies under this article.

B. The distributor shall accept the designee of the dealer as the successor in interest to his rights and obligations under a franchise agreement if:

1. Prior to his death, the dealer notifies the distributor of the designation of his surviving spouse or child as his successor in interest.

2. At the time of his death, the surviving spouse or adult child meets the reasonable qualifications required of dealers by the distributor for the operation of service stations.

Previous Part of Code Next Part of Code
Back to Chapter List

Cite this article: FindLaw.com - Arizona Revised Statutes Title 44. Trade and Commerce § 44-1558. Obligation of distributor to repurchase upon termination of agreement; designation of successor in interest - last updated January 01, 2025 | https://codes.findlaw.com/az/title-44-trade-and-commerce/az-rev-st-sect-44-1558/

FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature before relying on it for your legal needs.

Was this helpful?

Welcome to FindLaw's Cases & Codes

A free source of state and federal court opinions, state laws, and the United States Code. For more information about the legal concepts addressed by these cases and statutes, visit FindLaw’s Learn About the Law.

Go to Learn About the Law

Latest Blog Posts

For Legal Professionals

Learn About The Law

Get help with your legal needs

FindLaw’s Learn About the Law features thousands of informational articles to help you understand your options. And if you’re ready to hire an attorney, find one in your area who can help.

Go to Learn About the Law

Need to Find an Attorney?

Search our directory by legal issue

Enter information in one or both fields (Required)

Copied to clipboard