47-25-1911 - Security interests not affected Exemption from bulk sales law Inspection.
47-25-1911. Security interests not affected Exemption from bulk sales law Inspection.
This part shall not be construed to affect in any way any security interest that the supplier may have in the inventory of the dealer, and any repurchase under this part shall not be subject to the provisions of the bulk sales law. The dealer and supplier shall furnish representatives to inspect all parts and certify their acceptability when packed for shipment. Failure of the supplier to provide a representative within sixty (60) days shall result in automatic acceptance by the supplier of all returned items.
[Acts 2007, ch. 188, § 12.]