Utah Code § 13-58-201 Agreement requirement -- Terms of agreements.
13-58-201. Agreement requirement -- Terms of agreements.
(1) A person may not act as a motorboat dealer in this state without entering into an agreement.
(2) An agreement shall include:
(a) each working capital standard, inventory standard, facility standard, equipment standard, and tool standard, if any, including each agreed upon minimum product stocking requirement;
(b) provisions for termination or nonrenewal of the agreement;
(c) the designation of a successor motorboat dealer in the event of the motorboat dealer's death or disability;
(d) the obligations of the manufacturer, distributor, and motorboat dealer in the preparation and delivery of, and warranty service on, new motorboats and new motorboat motors;
(e) the obligations of the manufacturer, distributor, and new motorboat dealer upon termination of the agreement, including obligations in relation to:
(i) inventory of new motorboats;
(ii) inventory of new motorboat motors;
(iii) inventory of parts;
(iv) equipment;
(v) furnishings;
(vi) special tools; and
(vii) required signs;
(f) each standard for maintenance of:
(i) a dedicated or self-funded line of credit, if any; and
(ii) a trade-in line of credit or self-funded trade-in line of credit, if any; and
(g) dispute resolution procedures.
Enacted by Chapter 185, 2021 General Session