445.541 Meanings of words and phrases. Sec. 1. For the purposes of this act, the words and phrases defined in sections 2 to 6 have the meanings ascribed to them in those sections, except where the context clearly indicates a different meaning. History: 1989, Act 88, Imd. Eff. June 20, 1989
445.542 Definitions. Sec. 2. (1) “Dealer agreement” means the agreement or contract in writing between a manufacturer or distributor and a new watercraft dealer which purports to establish the legal rights and obligations of the parties to the agreement or contract with regard to the purchase and sale of new watercraft or new outboard motors. […]
445.543 Dealer agreement and compliance required for sale or purchase of new watercraft or new outboard motor. Sec. 3. A manufacturer or distributor shall not offer for sale to a new watercraft dealer, and a new or proposed new watercraft dealer shall not offer to purchase from a manufacturer, a new watercraft or a new […]
445.544 Contents of dealer agreement. Sec. 4. Each dealer agreement shall include, but is not limited to, all of the following: (a) The territory or market area. (b) The period of time covered by the dealer agreement. (c) Performance and marketing standards. (d) Notice provisions for termination, cancellation, or nonrenewal. (e) Obligations in the preparation […]
445.545 Sale, transfer, or exchange of dealership; consent; criteria; prohibited conduct. Sec. 5. (1) A manufacturer or distributor shall not unreasonably withhold consent to the sale, transfer, or exchange of a dealership to a person who meets the criteria set forth in the dealer agreement. (2) Failure to respond within 60 days of receipt of […]
445.546 Inability of designated successor to succeed new watercraft dealer. Sec. 6. If a designated successor is not able to succeed the new watercraft dealer because of the designated successor’s death or legal incapacity, the dealer, within 60 days after that death or incapacity, shall execute a new document nominating a designated successor. History: 1989, […]
445.547 Designated successor of deceased or incapacitated new watercraft dealer; notice of intent; existing dealer agreement; personal and financial data; notice of refusal to approve succession. Sec. 7. (1) A designated successor of a deceased or incapacitated new watercraft dealer may succeed the dealer in the ownership or operation of the dealership under the existing […]
