Law applicable to machinery sold after January 1, 1988, not to affect prior contracts
This law covers new farm machinery sold after January 1, 1988. It does not cancel or change any contracts between dealers and manufacturers that were already in place on September 28, 1987. When a dealer fixes farm equipment for a customer under the manufacturer's warranty, the manufacturer has to pay the dealer at least as much per hour as the dealer normally charges customers for non-warranty repairs. A dealer can choose to accept whatever payment terms the manufacturer offers instead.
407.592. Law applicable to machinery sold after January 1, 1988, not to affect prior contracts — s for labor, rate. — Sections 407.585 to 407.592 shall apply to any new farm machinery sold after January 1, 1988, but no of sections 407.585 to 407.592 shall operate or be to , impair, or otherwise infringe upon the specific requirements of any contract between a dealer and a entered into prior to September 28, 1987, and which is in effect on September 28, 1987; provided, however, that in any case wherein is performed for a by a farm equipment dealer under the of a manufacturer's , the manufacturer shall reimburse the dealer at an hourly labor rate that is the same or greater than the hourly labor rate the dealer currently charges consumers for . The dealer may accept the manufacturer's terms and conditions the above.
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Source & history notes
(L. 1987 H.B. 76 § 6, A.L. 2002 H.B. 1348)
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