N.D. Cent. Code § 51-20.1-04: Determination of retail dealer's reimbursement
Where this section sits in the code
- Title 51 Sales And Exchanges
- Chapter 51-20.1 Heavy Construction Equipment Franchise Termination
The extent of reimbursement of the retail dealer for heavy construction equipment and repair parts pursuant to section 51-20.1-02 must be determined by taking one hundred percent of the net cost on unused, complete heavy construction equipment, and eighty-five percent of the current net price of repair parts, as shown in the distributor's price lists or catalogs in effect at the time the contract was canceled, terminated, or not renewed.
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