Okla. Stat. tit. 47, § 47-596.6

Notice - Repurchase of inventory.

A. A dealer may terminate a dealer agreement with a

manufacturer with or without good cause. If the dealer terminates

or does not renew the dealer agreement with good cause, the

manufacturer shall comply with the provisions of paragraphs D and E

of this section. If the dealer terminates or does not renew the

dealer agreement without good cause, the provisions of paragraphs D

and E of this section shall not apply. A dealer that terminates a

dealer agreement shall provide the manufacturer with written notice

at least ninety (90) days prior to the effective date of the

termination of the dealer agreement.

B. All of the following conditions shall apply to a termination

of a dealer agreement under this section for good cause:

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1. The notice described in subsection A of this section shall

state all reasons for the proposed termination;

2. The notice described in subsection A of this section shall

state that if the manufacturer provides to the dealer a written

notification of intent to cure all claimed deficiencies within

thirty (30) days after the manufacturer receives the notice, the

manufacturer shall have one hundred twenty (120) days after the date

of the notice to correct the deficiencies. If all of the

deficiencies are corrected within the one-hundred-twenty-day period,

the notice shall be deemed void and the dealer shall not terminate

the dealer agreement because of the claimed deficiencies stated in

the notice. If the manufacturer does not provide a notification of

intent to cure deficiencies within thirty (30) days of receiving the

notice to terminate the dealer agreement, the termination shall take

effect sixty (60) days after the manufacturer received from the

dealer the notice to terminate;

3. A dealer may reduce the notice period described in

subsection A of this section from ninety (90) days to thirty (30)

days and shall not be required to allow the manufacturer an

opportunity to correct the deficiencies if the grounds for

termination or nonrenewal of the dealer agreement by the dealer are

any of the specific categories of good cause described in subsection

C of this section; and

4. A dealer is not required to provide notice or an opportunity

to correct deficiencies under this section if the grounds for

termination or nonrenewal of the dealer agreement by the dealer

includes one of the following:

a. the manufacturer becomes insolvent,

b. the manufacturer is bankrupt, or

c. the manufacturer makes an assignment for the benefit

of creditors.

C. The dealer has the burden of showing good cause. Any one of

the following categories is considered good cause for a proposed

termination of a dealer agreement by a dealer:

1. A conviction of a felony or a plea of guilty or nolo

contendere to a felony by a manufacturer of a crime that was

committed during the time frame of the current dealer agreement;

provided, there is full disclosure, in writing, of any felony

conviction or plea of guilty or nolo contendere to any such felony

crime that occurred within ten (10) years of entering into such

dealer agreement;

2. Abandonment or permanent closing of the business operations

of the manufacturer for twenty-one (21) consecutive business days

without contacting the dealer prior to the closing unless the

closing is due to an act of God, strike, labor difficulty, or other

cause over which the manufacturer has no control;

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3. A material misrepresentation to the dealer by the

manufacturer that severely affects the business relationship between

the dealer and manufacturer;

4. A material violation of any of the provisions of the

Recreational Vehicle Franchise Act by the manufacturer;

5. A material breach of the dealer agreement by the

manufacturer; or

6. The manufacturer becomes insolvent, is bankrupt, or makes an
A material misrepresentation to the dealer by the

manufacturer that severely affects the business relationship between

the dealer and manufacturer;

4. A material violation of any of the provisions of the

Recreational Vehicle Franchise Act by the manufacturer;

5. A material breach of the dealer agreement by the

manufacturer; or

6. The manufacturer becomes insolvent, is bankrupt, or makes an

assignment for the benefit of creditors.

D. If the manufacturer fails to cure any claimed deficiencies

pursuant to subsection B of this section, the dealer may require

that the manufacturer repurchase any of the following from the

dealer:

1. All new, untitled recreational vehicles that were acquired

from the manufacturer within eighteen (18) months prior to the

effective date of the notice of termination of the dealer agreement

that have not been used, except for demonstration purposes, and that

have not been altered or damaged, may be repurchased at one hundred

percent (100%) of the net invoice cost of the recreational vehicles,

including transportation, less applicable rebates and discounts to

the dealer;

2. All current and undamaged accessories and proprietary parts

sold to the dealer for resale within eighteen (18) months prior to

the effective date of the termination of the dealer agreement that

are accompanied by the original invoice may be repurchased at one

hundred five percent (105%) of the original net price paid to the

manufacturer to compensate the dealer for handling, packing, and

shipping the accessories and parts; and

3. Any properly functioning diagnostic equipment, special

tools, current signage, and other equipment and machinery, purchased

by the dealer within five (5) years prior to the effective date of

the termination of the dealer agreement if such equipment or

machinery cannot be used in the normal course of the ongoing

business of the dealer, may be repurchased at one hundred percent

(100%) of the net cost of the dealer, plus freight, destination,

delivery, and distribution charges and sales taxes.

E. The dealer shall promptly return or arrange for the return

of all of the items the manufacturer is required to repurchase under

subsection D of this section at the expense of the manufacturer.