32-7B-7 — Proof of contract or franchise.

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     32-7B-7.   Proof of contract or franchise. No dealer's license may be issued to a person who desires to sell or offer for sale new boats, until the applicant furnishes proof, satisfactory to the department that the person has a bona fide contract or franchise in effect in this state with the manufacturer of the boat or boats.

Source: SL 1998, ch 185, § 7.