13-58-201. Agreement requirement -- Terms of agreements.
(1) A person may not act as a motorboat dealer in this state without entering into an agreement.
(2) An agreement shall include: each working capital standard, inventory standard, facility standard, equipment standard, and tool standard, if any, including each agreed upon minimum product stocking requirement; provisions for termination or nonrenewal of the agreement; the designation of a successor motorboat dealer in the event of the motorboat dealer's death or disability; 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; the obligations of the manufacturer, distributor, and new motorboat dealer upon termination of the agreement, including obligations in relation to: inventory of new motorboats; inventory of new motorboat motors; inventory of parts; equipment; furnishings; special tools; and required signs; each standard for maintenance of: a dedicated or self-funded line of credit, if any; and a trade-in line of credit or self-funded trade-in line of credit, if any; and dispute resolution procedures.