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80F.09 DISPOSITION OF PRODUCT.
In the event of termination or nonrenewal of the marketing agreement, whether by mutual
agreement or otherwise, the supplier shall purchase from the dealer products that were available
for sale to the public at the facility and were purchased from the supplier, provided that the
products are tendered by the dealer no later than 30 days from the date of the termination or
nonrenewal of the marketing agreement. The payment for the products shall be the then current
wholesale price of the products, minus a reasonable restocking fee for products moved by the
supplier. The payment shall be reduced by any amount of indebtedness owed by the dealer to the
supplier. If the dealer has in its possession on the date of termination any products which were
supplied by the supplier which have not been paid for in full, the dealer at its expense shall, within
30 days of the termination or nonrenewal of the marketing agreement, transfer to the supplier all
of such products in a merchantable condition. The provisions of this section are subject to valid
liens against the products by or on behalf of other creditors of the dealer.
History: 2000 c 456 s 14

Official Publication of the State of Minnesota
Revisor of Statutes