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House Bill 733 |
House Author: Krusee |
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Effective: 9-1-08 |
Senate Sponsor: Carona |
House Bill 733 amends provisions of the Occupations Code relating to the regulation of a manufacturer or distributor's ownership, operation, or control of a dealership. The bill provides that the law prohibiting, with certain exceptions, a manufacturer or distributor of motor vehicles from owning an interest in a motor vehicle dealer or dealership does not prohibit a manufacturer or distributor that owned, on or before January 1, 2007, an interest in a motor vehicle dealer engaged in the sale of used motor vehicles and that has not agreed to or been ordered by a court order or ruling to comply with certain prohibitions relating to the ownership or operation, from continuing to directly or indirectly own an interest in the motor vehicle dealer if the ownership and control does not increase after January 1, 2007. The bill specifies certain qualifications for this provision, including that it applies if the dealer is engaged in the business of selling or offering for sale only certain used trucks. The bill also specifies the circumstances under which a motor vehicle dealer, manufacturer, or distributor violates the provision and provides that a person who commits a violation is subject to certain civil actions. The bill's provisions expire September 1, 2023.