1-1 AN ACT
1-2 relating to the licensing and regulation of certain motor vehicle
1-3 dealers.
1-4 BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
1-5 SECTION 1. Section 503.033(g), Transportation Code, is
1-6 amended to read as follows:
1-7 (g) This section does not apply to a person licensed as a
1-8 franchised motor vehicle dealer by the department's Motor Vehicle
1-9 Board.
1-10 SECTION 2. Section 503.036, Transportation Code, is amended
1-11 to read as follows:
1-12 Sec. 503.036. REASSIGNMENT OF EVIDENCE OF OWNERSHIP; DEALER
1-13 CATEGORIES. (a) The holder of a franchised motor vehicle dealer's
1-14 general distinguishing number may buy, sell, or exchange new or
1-15 used motor vehicles and reassign a manufacturer's certificate of
1-16 origin, certificate of title, or other basic evidence of ownership
1-17 of any type of vehicle owned by the dealer that the dealer is not
1-18 otherwise prohibited by law from selling or offering for sale.
1-19 (b) The holder of an independent motor vehicle dealer's
1-20 general distinguishing number may reassign a certificate of title
1-21 or other basic evidence of ownership of any type of vehicle owned
1-22 by the dealer that the dealer is not otherwise prohibited by law
1-23 from selling or offering for sale.
1-24 (c) The holder of a wholesale motor vehicle dealer's general
2-1 distinguishing number may sell or offer to sell motor vehicles to
2-2 no person except:
2-3 (1) a person who holds a general distinguishing
2-4 number; or
2-5 (2) a person who is legally recognized as and duly
2-6 licensed or otherwise qualified as a dealer under the laws of
2-7 another state or foreign jurisdiction. [A dealer may reassign any
2-8 basic evidence of ownership, including a manufacturer's certificate
2-9 of origin or a certificate of title, for a vehicle owned by the
2-10 dealer that the dealer is not otherwise prohibited by law from
2-11 selling only if the dealer:]
2-12 [(1) is licensed by the department's Motor Vehicle
2-13 Board; or]
2-14 [(2) has filed security as required by Section
2-15 503.033.]
2-16 SECTION 3. The importance of this legislation and the
2-17 crowded condition of the calendars in both houses create an
2-18 emergency and an imperative public necessity that the
2-19 constitutional rule requiring bills to be read on three several
2-20 days in each house be suspended, and this rule is hereby suspended,
2-21 and that this Act take effect and be in force from and after its
2-22 passage, and it is so enacted.
_______________________________ _______________________________
President of the Senate Speaker of the House
I certify that H.B. No. 1473 was passed by the House on April
10, 1997, by a non-record vote.
_______________________________
Chief Clerk of the House
I certify that H.B. No. 1473 was passed by the Senate on May
26, 1997, by the following vote: Yeas 31, Nays 0.
_______________________________
Secretary of the Senate
APPROVED: _____________________
Date
_____________________
Governor