Utah Statutes
§ 13-58-301 — Motorboat dealer default.
A motorboat dealer defaults on an agreement if the motorboat dealer:
(1)materially fails to:
(1)(a) meet minimum product stocking requirements as specified under the agreement;
(1)(b) make timely payment of a material obligation as specified under the agreement; or
(1)(c) meet an applicable standard, as specified by the agreement, for:
(1)(c)(i) a dedicated or self-funded line of credit; or
(1)(c)(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.
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Legislative History
Enacted by Chapter 185, 2021 General Session
Nearby Sections
15
§ 13-1-15
Exemptions from licensure.§ 13-1-18
License by endorsement.§ 13-1-2
Creation and functions of department -- Divisions created -- Fees -- Commerce Service Account.§ 13-1-3
Executive director.§ 13-1-4
Centralization of duties.§ 13-1-6
Rules and regulations.§ 13-1-7
Budgets.§ 13-1-8
Annual report.§ 13-1-8.5
Procedures -- Adjudicative proceedings.§ 13-10-1
Title of chapter.§ 13-10-2
Purpose of chapter.