New Motorboat Distributor Act

SB 157, the New Motorboat Distributor Act, regulates relationships between motorboat distributors and dealerships in Utah. It directly affects dealerships by prohibiting distributors from using unfair practices, requiring good cause and advance notice for termination, and mandating distributors to reimburse dealers for warranty work at retail rates. The bill also requires distributors to buy back unsold inventory if a dealership agreement ends, protect dealers' rights to transfer ownership, and provide detailed warranty policies. It replaces the previous Motorboat Agreements Act and empowers the Department of Commerce to enforce these rules with administrative fines up to $5,000 per day for violations.