Relating to commerce in certain types of equipment; prescribing an effective date.

Regulates business relationship between equipment suppliers and equipment dealers in this state. Specifies notice requirements and requires good cause for terminating dealer agreement or other aspects of business relationship. Specifies actions that constitute good cause and prohibits dealer from taking certain actions. Specifies procedure and conditions under which supplier must repurchase equipment upon termination of dealer agreement. Specifies requirements for reimbursing dealer for service and repair parts for warranty claims. Authorizes dealer to bring action to assert dealer's rights under Act and specifies liability to which supplier is subject for violating provisions of Act. Takes effect on 91st day following adjournment sine die.