State Codes and Statutes

Statutes > Maryland > Commercial-law > Title-19 > Subtitle-3 > 19-302

§ 19-302. Civil penalties.
 

If a supplier fails or refuses to repurchase, in accordance with § 19-202 of this title, any inventory covered under the provisions of this title within the time periods established, the supplier is civilly liable for: 

(1) 100 percent of the current net price of the inventory; 

(2) The amount the dealer paid for freight costs from the supplier's location to the dealer's location; 

(3) The dealer's reasonable attorney's fees and court costs; and 

(4) Interest on the current net price of the inventory computed from the 91st day after termination of the contract at the legal rate of interest. 
 

[2005, ch. 433, §§ 1, 2.] 
 

State Codes and Statutes

Statutes > Maryland > Commercial-law > Title-19 > Subtitle-3 > 19-302

§ 19-302. Civil penalties.
 

If a supplier fails or refuses to repurchase, in accordance with § 19-202 of this title, any inventory covered under the provisions of this title within the time periods established, the supplier is civilly liable for: 

(1) 100 percent of the current net price of the inventory; 

(2) The amount the dealer paid for freight costs from the supplier's location to the dealer's location; 

(3) The dealer's reasonable attorney's fees and court costs; and 

(4) Interest on the current net price of the inventory computed from the 91st day after termination of the contract at the legal rate of interest. 
 

[2005, ch. 433, §§ 1, 2.] 
 


State Codes and Statutes

State Codes and Statutes

Statutes > Maryland > Commercial-law > Title-19 > Subtitle-3 > 19-302

§ 19-302. Civil penalties.
 

If a supplier fails or refuses to repurchase, in accordance with § 19-202 of this title, any inventory covered under the provisions of this title within the time periods established, the supplier is civilly liable for: 

(1) 100 percent of the current net price of the inventory; 

(2) The amount the dealer paid for freight costs from the supplier's location to the dealer's location; 

(3) The dealer's reasonable attorney's fees and court costs; and 

(4) Interest on the current net price of the inventory computed from the 91st day after termination of the contract at the legal rate of interest. 
 

[2005, ch. 433, §§ 1, 2.]