{"data":{"id":"us-mi/mich.-comp.-laws-445.1453","jurisdiction":"us-mi","citation":"Mich. Comp. Laws § 445.1453","heading":"Repurchase of inventory on termination of agreement; election to keep inventory.","body":"Sec. 3.\n\nIf a dealer enters into an agreement with a supplier and the agreement is subsequently terminated, the supplier shall repurchase any inventory of the dealer as provided in this act. The dealer may choose to keep the inventory if there exists a contractual right to do so.","path":["MI Code","Chapter 445","Act Act-341-of-1984"],"source_url":"https://www.legislature.mi.gov/Laws/MCL?objectName=mcl-445-1453","current_through":"2026-08-14","vintage":"open-us-law v2026.08, retrieved 2026-09-14","retrieved_at":"2026-09-14T18:32:31Z","sha256":"9107b4fbbb00ffc540022622de19978aa55e5759537704bf2a105f1590bdf1d5","source_id":"us-mi","stale":false,"prev":"us-mi/mich.-comp.-laws-445.1452","next":"us-mi/mich.-comp.-laws-445.1454"},"notice":"GroundRules: Original legal text. Not legal advice."}