59.1-352.7 - Uniform commercial practice. - Virginia Statutes

§ 59.1-352.7. Uniform commercial practice.

A. This chapter does not affect a security interest of the supplier in theinventory of the dealer.

B. A repurchase of inventory under this chapter shall not be subject to thebulk sales provisions of Title 8.6A. (§ 8.6A-101 et seq.) of the UniformCommercial Code.

C. The dealer and supplier shall furnish representatives to inspect all partsand certify their acceptability when packed for shipment. Failure of thesupplier to provide a representative within sixty days shall result inautomatic acceptance by the supplier of all returned items.

(2002, c. 898.)