Unannotated Code of Maryland (Last Updated: May 16, 2014) |
COMMERCIAL LAW |
TITLE 19. EQUIPMENT DEALER CONTRACT ACT |
SUBTITLE 3. VIOLATIONS BY SUPPLIERS; REMEDIES. |
§ 19-302. Civil penalties.
Latest version.
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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.