Section 401 – Termination or nonrenewal of agreement — Notice — Repurchase obligations.
Effective 5/5/2021 13-58-401. Termination or nonrenewal of agreement — Notice — Repurchase obligations. (1) Except as provided in Section 13-58-402, a manufacturer or distributor may not terminate or fail to renew an agreement with a motorboat dealer unless: (a) the motorboat dealer defaults as described in Section 13-58-301; (b) the manufacturer or distributor gives the […]
Section 402 – Termination without time to cure.
Effective 5/5/2021 13-58-402. Termination without time to cure. A manufacturer or distributor may terminate an agreement with a motorboat dealer upon written notice and without a cure period described in Section 13-58-302, if: (1) the motorboat dealer: (a) financially defaults to the manufacturer, the distributor, or a financing source; (b) becomes subject to an order […]