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Utah Code Title 13. Commerce and Trade § 13-58-301. Motorboat dealer default

Current as of January 01, 2025 | Updated by Findlaw Staff

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.

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Cite this article: FindLaw.com - Utah Code Title 13. Commerce and Trade § 13-58-301. Motorboat dealer default - last updated January 01, 2025 | https://codes.findlaw.com/ut/title-13-commerce-and-trade/ut-code-sect-13-58-301/

FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature before relying on it for your legal needs.

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