365.800 Definitions for KRS 365.800 to 365.840.

279 words·~1 min read·/ky/chapter-365/365-800

A research copy — for the controlling text, always check the official state or federal source. Not legal advice.

As used in KRS 365.800 to 365.840, unless the context requires otherwise:

(1)"Current net price on parts" means the price listed by a supplier in a price list or

catalogue in effect at the time a retail agreement contract is terminated, less any

applicable trade and cash discounts;

(2)"Retailer" means any person, firm, or corporation, including heirs, personal

representatives, guardians, trustees, assignees, or receivers of the person, firm, or

corporation, engaged in the business of selling and retailing inventory, but shall not

include retailers of petroleum or motor vehicle and related automotive care and

replacement products;

(3)"Inventory" means farm implements, tractors, farm machinery, consumer products,

utility and industrial equipment, construction and excavating equipment, and any

attachments, repair parts, or superseded parts for the equipment;

(4)"Net cost" means the price a retailer paid for the inventory to a supplier, less all

discounts allowed;

(5)"Consumer products" means machines designed for or adapted and used for

horticulture, floriculture, landscaping, grounds maintenance, or turf maintenance,

including but not limited to lawnmowers, rototillers, trimmers, blowers, and other

equipment used in both residential and commercial lawn, gardening, or turf

maintenance, installation, or other applications;

(6)"Superseded parts" means any part that will provide the same function as a currently

available part as of the date of termination of a retail agreement contract;

(7)"Supplier" means any wholesaler, manufacturer, or distributor of inventory, or any

purchaser of assets or stock of any surviving corporation resulting from a merger or

liquidation, or any receiver, assignee, or trustee of the original wholesaler,

manufacturer, distributor, or corporation; and

(8)"Terminate" or "termination" means cancel, fail to renew, or otherwise terminate a

retail agreement contract.