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The Legislative Service Commission staff updates the Revised Code on an ongoing basis, as it completes its act review of enacted legislation. Updates may be slower during some times of the year, depending on the volume of enacted legislation.

Section 1353.04 | Compelling repurchase.

Ohio Revised Code
/
Title 13 Commercial Transactions
/
Chapter 1353 Farm Machinery Or Construction Equipment Dealers And Suppliers
 
Effective:
June 29, 1988
Latest Legislation:
Senate Bill 157 - 117th General Assembly
PDF:
Download Authenticated PDF
 

If a supplier fails to repurchase any inventory as required by section 1353.02 of the Revised Code, the dealer may bring a civil action to compel repurchase. If the court finds in favor of the dealer, the court shall order the supplier to repurchase the inventory at its current net price. In addition, the court shall order the supplier to pay to the dealer interest on the current net price of the inventory, computed pursuant to division (C) of section 1353.02 of the Revised Code, plus any freight charges paid by the dealer, court costs, and reasonable attorney's fees.

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