Retail Industry
Industry: Email Alert RSS FeedLouisiana revises marine business.(PWC)
Powersports Business, July, 2004
Louisiana Governor Kathleen Beaux Blanco has signed into law HBL354. Supported by a coalition of marine manufacturers, dealers and state regulators, the new law, effective August 15, is designed to create a more favorable business environment and a better experience for consumers looking to buy or service a boat or engine.
The legislation makes the following key changes:
Area of Responsibility: New requirements will allow marine manufacturers to expand their dealer network in the state. A manufacturer will be able to define new territories for existing and additional dealers using market research information from credible industry sources. New dealerships can be located closer than the previous restrictions of 15 miles in urban areas and 30 miles in...
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