By: Ellis S.B. No. 1082
A BILL TO BE ENTITLED
AN ACT
relating to the sale of certain used trucks.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
SECTION 1. Section 2301.476, Occupations Code, is amended
by adding a new subsection (j) to read as follows:
(j) This chapter does not prohibit a manufacturer or
distributor from continuing to directly or indirectly own an
interest in an independent dealer or dealership engaged in the sale
of used motor vehicles if the manufacturer or distributor owned its
interesting a licensed independent dealer or dealership on or
before January 1, 2005 and the manufacturer's ownership and control
in the dealer or dealership on or before does not increase after
that date. The exception allowed by this subsection (j) only
applies if the dealer or dealership is engaged in the business of
selling used trucks which have a gross vehicle weight rating of
11,000 pounds or more, and does not apply to a dealer or dealership
that sells new motor vehicles. This exception allows transfer or
relocation of the independent dealer or dealership.
SECTION 2. This Act takes effect immediately if it
receives a vote of two-thirds of all members elected to each house,
as provided by Section 39, Article III, Texas Constitution. If this
Act does not receipt the vote necessary for immediate effect, this
Act takes effect September 1, 2005.