Before engaging in business as a wholesale motor vehicle auction in this State, an application must be filed with the Department of Motor Vehicles furnishing the information it requires including, but not limited to, information adequately identifying by name and address individuals who own or control ten percent or more of the interest of the applicant. Each license issued expires twelve months from the month of issuance and must be displayed prominently at the established place of business. The license applies to only one place of business of the applicant and is not transferable to another person or place of business. The fee for the license is fifty dollars.
HISTORY: 1995 Act No. 70, Section 1; 1996 Act No. 459, Section 227.
Structure South Carolina Code of Laws
Chapter 15 - Regulation Of Manufacturers, Distributors And Dealers
Section 56-15-10. Definitions.
Section 56-15-20. Persons subject to chapter and jurisdiction of courts; service of process.
Section 56-15-35. Consumer data.
Section 56-15-46. Notice of intent to establish or relocate competing dealership; injunction.
Section 56-15-60. Fulfillment of warranty agreements; dealers' claims for compensation.
Section 56-15-65. Requiring change of location or alteration of dealership.
Section 56-15-70. Certain unreasonable restrictions on dealers or franchisees unlawful.
Section 56-15-75. Requiring dealer to refrain from acquiring another line of new motor vehicles.
Section 56-15-80. Agreements to which chapter applies.
Section 56-15-85. Electronic sale of vehicles.
Section 56-15-96. Measurement of dealership performance; burden of proof.
Section 56-15-100. Discounts, refunds, and other inducements to dealers.
Section 56-15-110. Suits for damages.
Section 56-15-120. Limitation of actions.
Section 56-15-130. Contracts in violation of chapter void.
Section 56-15-310. License required; term of license; fee; scope of license; penalty for violation.
Section 56-15-315. Off-site displays of automobiles or trucks.
Section 56-15-330. Facilities required for issuance of dealer's license.
Section 56-15-350. Denial, suspension, or revocation of license; grounds; procedure.
Section 56-15-410. Required pre-licensing education courses.
Section 56-15-420. Promulgation of regulations.
Section 56-15-440. Applicability to dealers engaged primarily in motor vehicle salvage.
Section 56-15-450. Applicability to dealers primarily engaged in rental of motor vehicles.
Section 56-15-510. Definitions.
Section 56-15-530. Buying or selling motor vehicles in name of wholesale motor vehicle auction.
Section 56-15-550. Sales through auction of motor vehicles acquired incident to regular business.
Section 56-15-560. Application for license for wholesale motor vehicle auction; fee.
Section 56-15-570. Surety bond required.
Section 56-15-580. Change of information on application must be reported.
Section 56-15-590. Establishment and retention of records.
Section 56-15-600. Wholesale motor vehicle auction license plates.