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Code · Utah · Title 13 — Commerce and Trade · Chapter 58

13-58-301. Motorboat dealer default.

100 words·~1 min read·/ut/title-13/chapter-58/13-58-301

A research copy — for the controlling text, always check the official state or federal source. Not legal advice.

Effective 5/5/2021
13-58-301. Motorboat dealer default.
A 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.
Enacted by Chapter 185 , 2021 General Session
★   the supreme law of the land   ★
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