This bill:

• defines terms;
• grants the executive director of the Department of Commerce authority to administer and enforce the chapter and conduct adjudicative proceedings, issue cease-and-desist orders, and impose administrative fines of up to $1,000 per day for violations;
• prohibits certain coercive, unfair, or inequitable business practices by motorboat distributors;
• establishes standards governing the sale, transfer, and succession of motorboat dealerships;
• restricts termination, nonrenewal, relocation, or establishment of a motorboat dealership without good cause, notice, and opportunity for administrative review;
• establishes evidentiary standards for determining good cause;
• requires a distributor to provide written warranty, recall, and service policies and to reimburse a dealership;
• requires a distributor to compensate a dealership for incidental labor, administrative tasks, and on-water testing related to warranty and recall repairs;
• requires a distributor, upon termination or discontinuance, to repurchase certain inventory, parts, tools, equipment, signs, and related property;
• provides a private right of action for a violation of the chapter;
• governs changes in distribution plans;
• recognizes and limits sub-distributee agreements; and
• repeals the Motorboat Agreements Act.