10 §1440-B. Indemnification
Title 10: COMMERCE AND TRADE
Part 3: REGULATION OF TRADE
Chapter 214-A: RECREATIONAL VEHICLE MANUFACTURERS, DISTRIBUTORS AND DEALERS HEADING: PL 1997, C. 427, §2 (NEW)
§1440-B. Indemnification
1. Warrantor. A warrantor shall indemnify and hold harmless its dealer against any losses or damages to the extent such losses or damages are caused by the negligence or willful misconduct of the warrantor. The dealer shall provide to the warrantor notice of a pending lawsuit or similar proceeding in which such allegations are made within 10 days after receiving the notice.
[ 2009, c. 562, §24 (NEW) .]
2. Dealer. A dealer shall indemnify and hold harmless its warrantor against any losses or damages to the extent such losses or damages are caused by the negligence or willful misconduct of the dealer. The warrantor shall provide to the dealer notice of a pending lawsuit or similar proceeding in which such allegations are made within 10 days after receiving the notice.
[ 2009, c. 562, §24 (NEW) .]
SECTION HISTORY
2009, c. 562, §24 (NEW).