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Current as of January 01, 2025 | Updated by Findlaw Staff
In the event of the death of the retail dealer or majority stockholder in a corporation operating a retail dealership in the business of selling and retailing farm implements, machinery, attachments or repair parts therefor, the wholesaler, distributor or manufacturer who supplied such merchandise shall repurchase from the heir or heirs of such retail dealer or majority stockholder such merchandise under the same terms and conditions as if the wholesaler, manufacturer or distributor had terminated the contract. Nothing in this act shall require the repurchase of any farm implements, machinery, attachments or repair parts therefor if the heir or heirs, and the wholesaler, manufacturer or distributor jointly agree to enter into a new contract to operate the retail dealership.
Cite this article: FindLaw.com - Kansas Statutes Chapter 16. Contracts and Promises § 16-1005. Death of retailer or majority stockholder of corporation retailing farm equipment or repair parts - last updated January 01, 2025 | https://codes.findlaw.com/ks/chapter-16-contracts-and-promises/ks-st-sect-16-1005/
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.
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