§ 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.