As used in this chapter:

1. (1) "Agreement" means an agreement between:

   1. (a) a motorboat dealer; and

   2. (b)

      1. (i) a manufacturer; or
      2. (ii) a distributor.

2. (2) "Distributor" means a person who:

   1. (a) has an agreement with a manufacturer of motorboats to distribute motorboats within this state; and
   2. (b) in whole or in part sells or distributes motorboats to motorboat dealers.
3. (3) "Manufacturer" means a person engaged in the business of constructing, manufacturing, assembling, producing, or importing new motorboats for the purpose of sale or trade.
4. (4) "Motorboat" means the same as that term is defined in Section 73-18-2.

5. (5) "Motorboat dealer" means a person who:

   1. (a) is engaged in the business of buying, selling, offering for sale, or exchanging new motorboats either outright or on conditional sale, bailment, lease, chattel mortgage, or otherwise; and
   2. (b) has established in this state a place of business for the sale, lease, trade, or display of new motorboats.

Enacted by Chapter 185, 2021 General Session