Section 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;(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.Added by Chapter 185, 2021 General Session ,§ 3, eff. 5/5/2021.