Illinois General Assembly - Illinois Compiled Statutes

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815 ILCS 715/4

(815 ILCS 715/4) (from Ch. 5, par. 1504)

Sec. 4.

(1) The wholesaler, manufacturer or distributor shall repurchase
that inventory previously purchased from him and held by the retailer at
the date of termination of the contract.  The wholesaler, manufacturer or
distributor shall pay 100% of the net cost of all new, unsold,
undamaged and complete outdoor power equipment including but not limited to all-terrain vehicles or off-highway motorcycles, farm implements, farm
machinery, attachments and accessories, construction equipment, industrial
equipment, attachments and accessories and 95% of the current net price of
all new, unused and undamaged repair parts.  The retailer shall pay the
cost of transportation to the nearest warehouse maintained by the
wholesaler, manufacturer or distributor, or to a mutually agreeable site.
The wholesaler, manufacturer or distributor shall pay the retailer 5% of
the current net price on all new, unused and undamaged repair parts
returned to cover the cost of handling, packing and loading.  The
wholesaler, manufacturer or distributor shall have the option of performing
the handling, packaging and loading in lieu of paying the retailer 5% for
these services; provided the same can be accomplished within 45 days of termination.

(2) Upon payment of the repurchase amount to the retailer, the title and
right of possession to the repurchased inventory shall transfer to the
wholesaler, manufacturer or distributor.

(Source: P.A. 96-1155, eff. 7-21-10.)