Utah Code 13-58-201. Agreement requirement — Terms of agreements
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(1) A person may not act as a motorboat dealer in this state without entering into an agreement.
Terms Used In Utah Code 13-58-201
- Agreement: means an agreement between:(1)(a) a motorboat dealer; and(1)(b)(1)(b)(i) a manufacturer; or(1)(b)(ii) a distributor. See Utah Code 13-58-102
- Distributor: means a person who:
(2)(a) has an agreement with a manufacturer of motorboats to distribute motorboats within this state; and(2)(b) in whole or in part sells or distributes motorboats to motorboat dealers. See Utah Code 13-58-102- Manufacturer: means a person engaged in the business of constructing, manufacturing, assembling, producing, or importing new motorboats for the purpose of sale or trade. See Utah Code 13-58-102
- Motorboat: means the same as that term is defined in Section 73-18-2. See Utah Code 13-58-102
- Motorboat dealer: means a person who:
(5)(a) is engaged in the business of buying, selling, offering for sale, or exchanging new motorboats either outright or on conditional sale, bailment, lease, chattel mortgage, or otherwise; and(5)(b) has established in this state a place of business for the sale, lease, trade, or display of new motorboats. See Utah Code 13-58-102- Person: means :
(24)(a) an individual;(24)(b) an association;(24)(c) an institution;(24)(d) a corporation;(24)(e) a company;(24)(f) a trust;(24)(g) a limited liability company;(24)(h) a partnership;(24)(i) a political subdivision;(24)(j) a government office, department, division, bureau, or other body of government; and(24)(k) any other organization or entity. See Utah Code 68-3-12.5- State: when applied to the different parts of the United States, includes a state, district, or territory of the United States. See Utah Code 68-3-12.5
(2) An agreement shall include:(2)(a) each working capital standard, inventory standard, facility standard, equipment standard, and tool standard, if any, including each agreed upon minimum product stocking requirement;(2)(b) provisions for termination or nonrenewal of the agreement;(2)(c) the designation of a successor motorboat dealer in the event of the motorboat dealer’s death or disability;(2)(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;(2)(e) the obligations of the manufacturer, distributor, and new motorboat dealer upon termination of the agreement, including obligations in relation to:(2)(e)(i) inventory of new motorboats;(2)(e)(ii) inventory of new motorboat motors;(2)(e)(iii) inventory of parts;(2)(e)(iv) equipment;(2)(e)(v) furnishings;(2)(e)(vi) special tools; and(2)(e)(vii) required signs;(2)(f) each standard for maintenance of:(2)(f)(i) a dedicated or self-funded line of credit, if any; and(2)(f)(ii) a trade-in line of credit or self-funded trade-in line of credit, if any; and(2)(g) dispute resolution procedures. - Distributor: means a person who: