As used in Sections 254.2 through 254.5 of this title:

1. “Agreement” means any written or oral contracts or agreements between a dealer and a manufacturer that were in effect prior to July 1, 2007, and all revisions, modifications, extensions, amendments and replacements of such agreements, that grant the dealer the right to sell new aircraft manufactured by the manufacturer and either to sell aircraft parts or to perform service, maintenance, or warranty work for the manufacturer;

2. “Dealer” means any entity that was incorporated or otherwise doing business in this state prior to July 1, 2007, and that is a dealer, licensee, franchisee, or other authorized representative of an aircraft manufacturer which is authorized by an aircraft manufacturer to sell new aircraft and either to sell parts or to perform service, maintenance or warranty work for the aircraft manufacturer. All successors and assigns of a dealer, together with all persons who purchase assets, business or ownership of a dealer shall also be considered dealers. With the exception of paragraph 3 of this section, the provisions of this section and Sections 254.3 through 254.5 of this title shall not apply to any entity authorized to sell only new piston-powered aircraft manufactured or distributed by a manufacturer, notwithstanding the authorization of that entity to sell parts or to perform service, maintenance or warranty work for the aircraft manufacturer;

3. “Manufacturer” means a manufacturer or distributor of new aircraft; and

4. “New aircraft” means a newly manufactured aircraft in its entirety.

Added by Laws 2004, c. 286, § 1, eff. Nov. 1, 2004. Amended by Laws 2005, c. 107, § 1, eff. Nov. 1, 2005; Laws 2007, c. 198, § 1, eff. July 1, 2007; Laws 2008, c. 292, § 2, emerg. eff. June 2, 2008.