Section 301 – Motorboat dealer default.

Effective 5/5/2021
13-58-301. Motorboat dealer default.
A motorboat dealer defaults on an agreement if the motorboat dealer:

• (1) materially fails to:
  • (a) meet minimum product stocking requirements as specified under the agreement;
  • (b) make timely payment of a material obligation as specified under the agreement; or
  • (c) meet an applicable standard, as specified by the agreement, for:
    • (i) a dedicated or self-funded line of credit; or
    • (ii) a trade-in or self-funded trade-in line of credit; or

• (2) markets the manufacturer’s motorboats outside of the motorboat dealer’s territory in violation of the agreement.

Enacted by Chapter 185, 2021 General Session