The Vermont Statutes Online
The Statutes below include the actions of the 2025 session of the General Assembly.
NOTE: The Vermont Statutes Online is an unofficial copy of the Vermont Statutes Annotated that is provided as a convenience.
(Cite as: 9 V.S.A. § 4105)
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§ 4105. Repurchase by supplier upon termination
In the event of any termination, cancellation, or refusal to renew, whether by mutual
agreement or otherwise, a supplier shall make or cause to be made an offer in good
faith to repurchase from the dealer at then current wholesale prices any and all merchantable
products purchased by said dealer from the supplier; provided, however, that in such
event the supplier shall have the right to apply the proceeds against any existing
indebtedness owed to him or her by the dealer and further provided 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. Any deposit held by the supplier
is to be returned to said dealer within a reasonable period from the date of termination,
cancellation, or refusal to renew the agreement or lease, in the event of no prior
claims or liens. (Added 1975, No. 83, § 1.)