23-2-540. Personal watercraft dealers -- additional registration requirements. Unless the dealer is licensed under the provisions of 61-4-101, in addition to the requirements of 23-2-513, to qualify as a dealer, the applicant, when registering or renewing a registration, shall:
     (1) complete an application:
     (a) stating the name under which the business is to be conducted and the location of the premises (street address, city, county, and state) where records are kept, sales are made, and stock is displayed;
     (b) stating the name, address, date of birth, and social security number of all owners or persons having an interest in the business, provided that in the case of a corporation, the names and addresses of the president and secretary are sufficient;
     (c) identifying other dealerships owned by the applicant, identifying all persons in Montana or in another state having an interest in another dealership owned by the applicant, and disclosing whether the applicant or any other person with interest in a dealership owned by the applicant has been convicted of a felony; and
     (d) stating the name and make of all personal watercraft handled and the name and address of the manufacturer, importer, or distributor with whom the applicant has a written franchise or sales agreement;
     (2) provide an affidavit certifying that the applicant has acquired and shall maintain liability insurance for any personal watercraft offered for demonstration or loan to a customer;
     (3) execute a certificate to the effect that the applicant has a permanent building for the display and sale of personal watercraft at the location of the premises where sales are conducted;
     (4) execute a certificate to the effect that the applicant has a bona fide service department for the repair, service, and maintenance of personal watercraft; and
     (5) execute a certificate to the effect that the applicant is a bona fide dealer in personal watercraft and that the dealer is recognized by a manufacturer, importer, or distributor as a dealer in personal watercraft.

     History: En. Sec. 1, Ch. 384, L. 1999.