Bill Title: Amends and adds to existing law relating to farm equipment to provide for the repurchase of equipment, construction equipment and repair parts for equipment; to remove certain time conditions; to provide that certain provisions shall apply to purchases by retailers from persons, firms or corporations in the business of selling or retailing farm equipment; to provide for the passage of title relating to equipment; to provide for civil liability relating to violations of specified provisions; to provide for the repurchase of equipment from heirs; to provide for liability upon failure to pay following cancellation of contracts relating to equipment; to provide that judgments may include treble damages; to provide notice requirements relating to wholesalers, manufacturers and distributors of equipment; to provide for jurisdiction and venue; to revise provisions relating to agreements between suppliers and dealers of farm equipment; to revise provisions relating to compensation for warranty claims; to provide for the sale, lease and rental of new equipment; and to provide for the use of certain dealers and to provide for dealer compensation.

Spectrum: Unknown

Status: (Passed) 2011-04-08 - Governor signed Session Law Chapter 270 Effective: 07/01/11 [H0280 Detail]

Text: Latest bill text (Introduced) [PDF]

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