Section 13-58-301 - Motorboat dealer defaultA 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.Added by Chapter 185, 2021 General Session ,§ 4, eff. 5/5/2021.