1. (1) If a motorboat dealer defaults as described in Section 13-58-301, the manufacturer or distributor who is part of the agreement shall:

   1. (a) give the dealer written notice of the dealer's default; and
   2. (b) allow the dealer to cure the default within the period described in Subsection (2).

2. (2) A motorboat dealer may cure a default no later than:

   1. (a) 30 days after the day on which the dealer receives the notice described in Subsection (1), if the dealer defaulted as described in Subsection 13-58-301(1)(b) or (2);
   2. (b) 60 days after the day on which the dealer receives the notice described in Subsection (1), if the dealer defaulted as described in Subsection 13-58-301(1)(a); and
   3. (c) 160 days after the day on which the dealer receives the notice described in Subsection (1), if the dealer defaulted as described in Subsection 13-58-301(1)(c).

Amended by Chapter 274, 2022 General Session