The provisions of this act shall not require the repurchase from a retailer of:

1. 1. Any repair part which has a limited storage life or is otherwise subject to deterioration, such as rubber items, gaskets or batteries unless such items were purchased from the supplier within the twenty-four (24) months prior to date of termination;
2. 2. Any repair part which is in a broken or damaged package;
3. 3. Any single repair part which is priced as a set of two or more items;
4. 4. Any repair part which, because of its condition, is not resalable as a new part without repackaging or reconditioning;
5. 5. Any inventory for which the retailer is unable to furnish evidence, satisfactory to the supplier, of clear title;
6. 6. Any inventory which the retailer desires to keep, provided the retailer has a contractual right to do so;
7. 7. Any farm tractors, farm implements, utility and industrial tractors, and the attachments thereto, or outdoor power and lawn and garden equipment and attachments thereto which are not current models or which are not in new, undamaged or complete condition;
8. 8. Any repair parts which are not in new, unused, undamaged or complete condition;
9. 9. Any farm tractors, farm implements, utility and industrial tractors, or the attachments thereto, or outdoor power and lawn and garden equipment and attachments thereto which were purchased more than twenty-four (24) months prior to notice of termination of the dealer agreement;
10. 10. Any inventory which was ordered by the retailer on or after the date of notification of termination of the dealer agreement; and
11. 11. Any inventory which was acquired by the retailer from any source other than the supplier.

Added by Laws 1982, HB 1872, c. 274, § 3, eff. October 1, 1982; Amended by Laws 1991, SB 86, c. 51, § 4, emerg. eff. April 9, 1991.