Default

Utah Code tit. 13, ch. 13-58, pt. 13-58-P3

in effect

Utah Code § 13-58-301 Motorboat dealer default.

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

Utah Code § 13-58-302 Cure of default.

13-58-302. Cure of default. (1) If a motorboat dealer defaults as described in Section 13-58-301, the manufacturer or distributor who is part of the agreement shall: (a) give the dealer written notice of the dealer's default; and (b) allow the dealer to cure the default within the period described in Subsection (2). (2) A motorboat dealer may cure a default no later than: (a) 30 days after the day on which the dealer receives the notice described in Subsection (1), if the dealer defaulted as described in Subsection 13-58-301(1)(b) or (2); (b) 60 days after the day on which the dealer receives the notice described in Subsection (1), if the dealer defaulted as described in Subsection 13-58-301(1)(a); and (c) 160 days after the day on which the dealer receives the notice described in Subsection (1), if the dealer defaulted as described in Subsection 13-58-301(1)(c). Amended by Chapter 274, 2022 General Session

Source: Utah Office of Legislative Research and General Counsel (le.utah.gov)URL: https://le.utah.gov/xcode/Title13/Chapter58/13-58-P3.html?v=C13-58-P3_2021050520210505Fetched: 10/26/2026