811 - Repurchase of vessels and parts. - New York Statutes

§ 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.