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Mich. Comp. Laws § 445.1453

Repurchase of inventory on termination of agreement; election to keep inventory.

Michigan · Michigan Compiled Laws — FARM AND UTILITY EQUIPMENT ACT (Act 341 of 1984) · Status: effective

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Mich. Comp. Laws § 445.1453, Repurchase of inventory on termination of agreement; election to keep inventory, Michigan, version 1 as recorded 2026-08-18, yourstate.us, https://yourstate.us/provision/1362869
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If a dealer enters into an agreement with a supplier and the agreement is subsequently terminated, the supplier shall repurchase any inventory of the dealer as provided in this act. The dealer may choose to keep the inventory if there exists a contractual right to do so.