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A BILL TO BE ENTITLED
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AN ACT
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relating to the regulation of certain motor vehicle auctions. |
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BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: |
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SECTION 1. Section 1802.051(c), Occupations Code, is |
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amended to read as follows: |
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(c) A person who is licensed under this chapter may not act |
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as an auctioneer for an entity [an auction company] unless the |
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entity: |
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(1) is an auction [the] company [is] owned or operated |
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by a person who is licensed under this chapter; or |
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(2) holds a dealer general distinguishing number |
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issued under Subchapter B, Chapter 503, Transportation Code, and |
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the auction is for the purpose of auctioning vehicles as defined by |
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Section 503.001, Transportation Code. |
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SECTION 2. This Act takes effect September 1, 2011. |