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114 chapters · 762 sections in this title.
Mich. Comp. Laws § 445.1457 Liability of supplier or manufacturer failing or refusing to pay or credit account of dealer; right of dealer to bring action.
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Sec. 7. (1) If any supplier fails or refuses to pay or credit the account of the dealer for any inventory required to be repurchased by section 3 within 90 days after receipt by the supplier of that inventory, he or she shall be liable for 100% of the net cost of all tractors, eq…
Mich. Comp. Laws § 445.1457a Notice of termination, cancellation, nonrenewal, or substantial change in competitive circumstances.
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Sec. 7a. (1) A supplier shall not terminate, cancel, fail to renew, or substantially change the competitive circumstances of an agreement without good cause. A supplier shall provide a dealer at least 90 days' prior written notice of termination, cancellation, nonrenewal, or subs…
Mich. Comp. Laws § 445.1458 Death of dealer or majority stockholder or partner; options of heirs; time limitation; new franchise agreement.
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Sec. 8. (1) Upon the death of the dealer or the majority stockholder of a corporation or a partner in a partnership operating as a dealer, the supplier shall, at the option of the heirs, repurchase the inventory from the surviving spouse or the heir or heirs of the dealer or majo…
Mich. Comp. Laws § 445.1459 Security interest in inventory not affected.
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Sec. 9. The provisions of this act shall not be construed to affect in any way any security interest that any financial institution, person, or supplier has in the inventory of the dealer.