61-4-108. Exemptions. (1) This part does not require licensure of, or restrict or prohibit a financial institution, as defined in 32-6-103:
(a) in the selling of collateral repossessed on default of a loan made by the financial institution;
(b) in the conduct of a motor vehicle sales promotion in affiliation with one or more licensed dealers; or
(c) in the conduct of a motor vehicle sales promotion in affiliation with a person regularly engaged in a bona fide vehicle rental business if the purpose of the sale is to dispose of used motor vehicles used in the rental business.
(2) This part does not require licensure of an auctioneer whose business consists primarily of the sale of personal property other than motor vehicles.
(3) This part does not require licensure of a licensed real estate broker or agent lawfully buying, selling, exchanging, taking on consignment, or acting as a broker of mobile homes.
History: En. Sec. 2, Ch. 523, L. 1989; amd. Sec. 27, Ch. 409, L. 1999.
Structure Montana Code Annotated
Chapter 4. Sales and Distribution of Motor Vehicles
61-4-101. Types of licenses and terms -- common application -- bonds -- zoning
61-4-102. Dealer plates -- restriction of use -- fees
61-4-104. Record of purchase or sale
61-4-105. Criminal penalty -- civil penalty imposed by agency
61-4-107. Cease and desist order
61-4-109. Privileges incident to license -- withdrawal upon certain conditions
61-4-111. Used vehicles -- transfer to and from dealers
61-4-112. New motor vehicles -- transfers by dealers
61-4-113. New motor vehicles towed into state to be labeled
61-4-122. Compliance specialists as peace officers
61-4-123. Dealer requirements and restrictions
61-4-125. Wholesaler restrictions -- demonstrator plates -- annual report
61-4-126. Claims against dealer, broker, wholesaler, or auto auction bonds
61-4-127. Broker requirements -- restrictions -- annual report -- fees
61-4-129. Assignment of demonstrator plates
61-4-130. Courtesy license plates -- issuance -- restrictions on use
61-4-132. Right of designated family member to succeed in dealership ownership
61-4-133. Refusal to honor succession to ownership -- notice required
61-4-134. Procedure to determine right to succeed
61-4-135. Written designation of succession unaffected
61-4-136. Violation -- penalty
61-4-138. through 61-4-140 reserved
61-4-143. Unlawful curbstoning of vehicle for sale
61-4-144. through 61-4-149 reserved
61-4-150. Sale, transfer, or exchange of dealership -- notice -- response to notice