WY Stat § 40-20-113 (2021)
2021 Wyoming Statutes|Title 40 - Trade and Commerce|Chapter 20 - Wyoming Fair Practices of Equipment Manufacturers, Distributors, Wholesalers and Dealers Act|Section 40-20-113 - Definitions.

40-20-113. Definitions.| (a) As used in this chapter:  (i) "Current net parts price" means:  (A) For current parts, the price for repair parts listed in the supplier's price list or catalogue in effect at the time the dealer agreement is cancelled or discontinued, or for purposes of W.S. 40-20-119, the price list or catalogue in effect at the time the repair parts were ordered;  (B) For superseded repair parts, the price listed in the supplier's price list or catalogue in effect at the time the dealer agreement is cancelled or discontinued for the part that performs the same function and purpose as the superseded part, but is listed under a different part number.  (ii) "Current net parts cost" means the current net parts price less any trade or cash discounts typically given to the dealer with respect to the dealer's normal, ordinary course orders of repair parts;  (iii) "Dealer" means any person, not including mass retailers, engaged in the business of:  (A) Selling or leasing equipment or repair parts to the consumer; and  (B) Repairing or servicing equipment.  (iv) "Dealer agreement" means either an oral or written agreement or an agreement between a dealer and a supplier that provides for the rights and obligations of the parties with respect to the purchase or sale of equipment or repair parts. If a dealer has more than one (1) business location covered by the same dealer agreement, the requirements of this chapter shall be applied to the repurchase of a dealer's inventory at a particular location upon the closing of that location;  (v) "Dealership" means the retail sale business engaged in by a dealer under a dealer agreement;  (vi) "Demonstrator" means equipment in a dealer's inventory that has never been sold at retail, but has had its usage demonstrated to potential customers, either without charge or pursuant to a short term rental agreement, with the intent of encouraging the person to purchase the equipment;  (vii) "Equipment" means:  (A) Multipurpose vehicles as defined in W.S. 31-1-101(a)(xv)(M) regardless of how used;  (B) Snowmobiles as defined in W.S. 31-2-401(a)(ii);  (C) Off-road recreational vehicles as defined in W.S. 31-1-101(a)(xv)(K) regardless of how used; and  (D) Other machinery, equipment, implements or attachments used for or in connection with one (1) or more of the following purposes:  (I) Lawn, garden, golf course, landscaping or grounds maintenance;  (II) Planting, cultivating, irrigating, grazing, harvesting and producing of agricultural products;  (III) Raising, feeding, tending to or harvesting products from, livestock or any related activity;  (IV) Industrial, construction, maintenance, or utility activities or applications;  (V) "Equipment" does not include self-propelled vehicles designed primarily for the transportation of persons or property on a street or highway.  (viii) "Family member" means a spouse, child, parent, sibling, stepchild, son-in-law, daughter-in-law or lineal descendant;  (ix) "Good cause" has the meaning set forth in W.S. 40-20-115 or 40-20-116, as applicable;  (x) "Index" means the United States bureau of labor statistics producer price index or industry data, for construction machinery, series identification number pcu333120333120 or any successor index measuring substantially similar information;  (xi) "Inventory" means new equipment, repair parts, data processing hardware or software, and specialized service or repair tools;  (xii) "Net equipment cost" means the price the dealer actually paid to the supplier for equipment, plus:  (A) Freight, at truckload rates in effect as of the effective date of the termination of a dealer agreement, if freight was paid by the dealer from the supplier's location to the dealer's location; and  (B) Reimbursement for labor incurred in preparing the equipment for retail sale or rental, or set up costs, which labor shall be reimbursed at the dealer's standard labor rate charged by the dealer to its customers for nonwarranty repair work. If a supplier has established a reasonable set up time, the labor shall be reimbursed at an amount equal to the reasonable set up time in effect as of the date of delivery multiplied by the dealer's standard labor rate.  (xiii) "New equipment" means, for purposes of determining whether a dealer is a single line dealer, any equipment that could be returned to the supplier upon a termination of a dealer agreement pursuant to W.S. 40-20-120 and 40-20-121;  (xiv) "Person" means a natural person, corporation, partnership, limited liability company, company, trust, or any other form of business enterprise, including any other entity in which the "person" has a majority interest or of which the "person" has control, as well as the individual officers, directors and other persons in active control of the activities of each entity;  (xv) "Repair parts" means all parts related to the repair of equipment, including superseded parts;  (xvi) "Single line dealer" means a dealer that has:  (A) Purchased construction or industrial equipment from a single supplier constituting seventy-five percent (75%) of the dealer's new equipment, calculated on the basis of net cost; and  (B) A total annual average sales volume in excess of twenty million dollars ($20,000,000.00) for the three (3) calendar years immediately preceding the applicable determination date. The twenty million dollar ($20,000,000.00) threshold shall be increased each year by an amount equal to the then current threshold multiplied by the percentage increase in the index from January of the immediately preceding year to January of the current year.  (xvii) "Single line supplier" means the supplier that is selling the single line dealer construction and industrial equipment constituting seventy-five percent (75%) of the dealer's new equipment;  (xviii) "Supplier" means any person engaged in the business of manufacturing, assembly or wholesale distribution of equipment or repair parts. The term "supplier" and the provisions of this chapter shall be interpreted liberally and shall not be limited to traditional doctrines of corporate successor liability or take into account whether:  (A) A successor expressly assumed the liabilities of the supplier; or  (B) There has been one (1) or more intermediate successors to the initial supplier. The obligations of a supplier hereunder shall consequently apply to any actual or effective successor in interest to a supplier, including but not limited to, a purchaser of all or substantially all of the assets of a supplier or all or substantially all of the assets of any division or product line of a supplier, any receiver, trustee, liquidator or assignee of the supplier or any surviving corporation resulting from a merger, liquidation or reorganization of the original or any intermediate successor supplier. Purchasers of all or substantially all of the inventory of a supplier or a supplier's division or product line shall constitute a purchaser of all or substantially all of the supplier's assets.  (xix) "Terminate" means to terminate, cancel, fail to renew or substantially change the competitive circumstances of a dealer agreement.