Alaska Statutes: AS 45.45.730. Death or Disability of Dealer or Holder of Majority Interest in Dealer.

Alaska Statutes. Title 45. Trade and Commerce Chapter 45. Trade Practices Section 730. Death or Disability of Dealer or Holder of Majority Interest in Dealer.

previous: Section 720. Time For Payment.
next: Section 740. Required Purchase, Reimbursement, and Supplies.

AS 45.45.730. Death or Disability of Dealer or Holder of Majority Interest in Dealer.

Unless the distributorship agreement is continued by the personal representative, an heir, a devisee, or another successor in interest of the individual, upon the death or disability of an individual who is a dealer or holds a majority interest in a dealer, a distributor who supplied merchandise to the dealer shall repurchase from the personal representative, heir, devisee, or other successor in interest the merchandise that was purchased from the distributor and that remains when the distributorship agreement is terminated under this section. To repurchase under this section, the distributor shall pay an amount equal to the amount identified under AS 45.45.710 (a) and (c), and the repurchase is subject to AS 45.45.720 . In this section, "devisee," "heir," and "personal representative" have the meanings given in AS 13.06.050.

This version of the Alaska Statutes is current through December, 2007. The Alaska Statutes were automatically converted to HTML from a plain text format. Every effort has been made to ensure their accuracy, but this can not be guaranteed. If it is critical that the precise terms of the Alaska Statutes be known, it is recommended that more formal sources be consulted. For statutes adopted after the effective date of these statutes, see, Alaska State Legislature If any errors are found, please e-mail Touch N' Go systems at E-mail. We hope you find this information useful.