§ 150-756. Right of action for refund.  


Latest version.
  • A right of action is hereby created to afford a remedy at law for any dealer aggrieved by the provisions of this article. In case of any such dealer resisting the payment of any amount found due or the enforcement of any provision of such laws in relation thereto, such dealer shall pay the amount found due by the director and shall give the director notice, at the time, of his intention to file suit for the recovery of such amount. Upon receipt of such notice, the amount so paid shall be segregated and held by the director for a period of 30 days; and if suit be filed within such time for recovery of such amount, such funds so segregated shall be further held, pending the outcome of such suit. If the dealer prevails, the director shall refund the amount to the claimant, with interest at the rate of two percent per annum covering the period from the date such funds were received by the director to the date of refund.

(Code 1956, § 56-96)