Legislation
SECTION 811
Repurchase of vessels and parts
General Business (GBS) CHAPTER 20, ARTICLE 38
§ 811. Repurchase of vessels and parts. Upon the termination,
cancellation or non-renewal of any dealer agreement, except as otherwise
provided in subdivision one of section eight hundred twelve of this
article, by a manufacturer or distributor pursuant to this article the
new vessel dealer shall be paid the dealer invoice price plus any
shipping costs paid by such dealer for:
1. new current and previous model year vessels and motors in the
dealer's inventory which were purchased from the manufacturer or
distributor, within twelve months of the delivery date for each vessel
and motor, and which are unused, and not materially damaged or altered
while in the dealer's possession, and to which the dealer has clear
title and is in position to convey such title to the manufacturer or
distributor;
2. unused parts which were required from the manufacturer or
distributor and which are listed on the current parts price sheet
available to the dealer;
3. equipment and furnishings required from the manufacturer,
distributor, or one of the manufacturer's or distributor's approved
services; and
4. special tools that are only usable on the specific brand of vessel
or engine offered by the manufacturer or distributor terminating,
canceling or nonrenewing a dealer agreement.
cancellation or non-renewal of any dealer agreement, except as otherwise
provided in subdivision one of section eight hundred twelve of this
article, by a manufacturer or distributor pursuant to this article the
new vessel dealer shall be paid the dealer invoice price plus any
shipping costs paid by such dealer for:
1. new current and previous model year vessels and motors in the
dealer's inventory which were purchased from the manufacturer or
distributor, within twelve months of the delivery date for each vessel
and motor, and which are unused, and not materially damaged or altered
while in the dealer's possession, and to which the dealer has clear
title and is in position to convey such title to the manufacturer or
distributor;
2. unused parts which were required from the manufacturer or
distributor and which are listed on the current parts price sheet
available to the dealer;
3. equipment and furnishings required from the manufacturer,
distributor, or one of the manufacturer's or distributor's approved
services; and
4. special tools that are only usable on the specific brand of vessel
or engine offered by the manufacturer or distributor terminating,
canceling or nonrenewing a dealer agreement.