Fla. Stat. 686.408
Repurchase of inventory upon death or incapacity of dealer

(1)

In the event of the death or incapacity of a dealer or the majority stockholder of a corporation operating as a dealer, the manufacturer, distributor, or wholesaler shall, at the option of the heirs at law, if the dealer died intestate, or the devisees or transferees under the terms of the deceased dealer’s last will and testament, if the dealer died testate, repurchase the inventory from such heirs or devisees as if the manufacturer, distributor, or wholesaler had terminated the contract; and the inventory repurchase provisions of s. 686.407 are made expressly applicable to the repurchase under this section. The heirs or devisees shall have 1 year from the date of the death of the dealer or majority stockholder to exercise their option under this section. However, nothing in this section requires the repurchase of inventory if the heirs or devisees and the manufacturer, distributor, or wholesaler enter into a new franchise agreement to operate the retail dealership.

(2)

This section is subject to that portion of the manufacturer’s, distributor’s, or wholesaler’s contract or agreement with the dealer pertaining to death of the dealer or succession to the extent such contract or agreement is not inconsistent with this section.

Source: Section 686.408 — Repurchase of inventory upon death or incapacity of dealer, https://www.­flsenate.­gov/Laws/Statutes/2024/0686.­408 (accessed Aug. 7, 2025).

686.30
Contract agreements for repair parts for motor vehicles and trucks 686.40
Agricultural Equipment Manufacturers and Dealers Act 686.41
Indemnification of dealer with respect to legal actions 686.60
Short title 686.401
Legislative finding and intent 686.402
Definitions of terms used in ss 686.403
Application of ss 686.405
Warranty agreements 686.406
Parts 686.407
Repurchase of inventory upon termination of franchise agreement 686.408
Repurchase of inventory upon death or incapacity of dealer 686.409
Compensation for inventory upon refusal to renew, termination of, or restriction on transfer of a franchise 686.413
Unlawful acts and practices 686.415
Unenforceable contract or franchise agreement 686.417
Remedies 686.418
Effect of act on other remedies 686.501
Definitions 686.502
Consignment relationship 686.503
Contract provisions 686.504
Warranties by art dealers 686.505
Construction of language 686.506
Rights and liabilities, additional 686.601
Legislative finding and intent 686.602
Definitions of terms used in ss 686.603
Application 686.604
Warranty agreements 686.605
Parts 686.606
Repurchase of inventory upon termination of dealer agreement 686.607
Repurchase of inventory upon death or incapacity of dealer 686.608
Compensation for inventory upon refusal to renew, termination of, or restriction on transfer of a dealer agreement 686.609
Indemnification of dealer with respect to legal actions 686.611
Unlawful acts and practices 686.612
Unenforceable contract or agreement 686.613
Remedies 686.614
Effect of act on other remedies 686.701
Reimbursement of federal excise taxes on motor fuel

Current through Fall 2025

§ 686.408. Repurchase of inventory upon death or incapacity of dealer's source at flsenate​.gov