Sec. 503.036. REASSIGNMENT OF EVIDENCE OF OWNERSHIP; DEALER CATEGORIES. (a) The holder of a franchised motor vehicle dealer's general distinguishing number may buy, sell, or exchange new or used motor vehicles and reassign a manufacturer's certificate of origin, certificate of title, or other basic evidence of ownership of any type of vehicle owned by the dealer that the dealer is not otherwise prohibited by law from selling or offering for sale.
(b) The holder of an independent motor vehicle dealer's general distinguishing number or an independent mobility motor vehicle dealer's general distinguishing number may reassign a certificate of title or other basic evidence of ownership of any type of vehicle owned by the dealer that the dealer is not otherwise prohibited by law from selling or offering for sale.
(c) The holder of a wholesale motor vehicle dealer's general distinguishing number may sell or offer to sell motor vehicles to no person except:
(1) a person who holds a general distinguishing number; or
(2) a person who is legally recognized as and duly licensed or otherwise qualified as a dealer under the laws of another state or foreign jurisdiction.
Acts 1995, 74th Leg., ch. 165, Sec. 1, eff. Sept. 1, 1995. Amended by Acts 1997, 75th Leg., ch. 165, Sec. 30.69(h), eff. Sept. 1, 1997; Acts 1997, 75th Leg., ch. 755, Sec. 2, eff. Sept. 1, 1997.
Amended by:
Acts 2007, 80th Leg., R.S., Ch. 710 (H.B. 2216), Sec. 7, eff. June 15, 2007.
Structure Texas Statutes
Title 7 - Vehicles and Traffic
Subtitle A - Certificates of Title and Registration of Vehicles
Chapter 503 - Dealer's and Manufacturer's Vehicle License Plates
Subchapter B. General Distinguishing Number
Section 503.021. Dealer General Distinguishing Number
Section 503.022. Wholesale Motor Vehicle Auction General Distinguishing Number
Section 503.023. Drive-a-Way Operator License
Section 503.024. Exclusions for Dealer
Section 503.025. Wholesale Motor Vehicle Auction Exception
Section 503.026. Requirement for Each Type of Dealer Vehicle
Section 503.027. Requirements Relating to Dealer Location
Section 503.028. Requirements Relating to Wholesale Motor Vehicle Auction Location
Section 503.029. Application for Dealer General Distinguishing Number
Section 503.0295. Independent Mobility Motor Vehicle Dealers
Section 503.0296. Independent Motor Vehicle Dealer Education and Training Requirement
Section 503.030. Application for Wholesale Motor Vehicle Auction General Distinguishing Number
Section 503.031. Application for Drive-a-Way In-Transit License
Section 503.032. Established and Permanent Place of Business
Section 503.033. Security Requirement
Section 503.035. Issuance and Renewal of Drive-a-Way In-Transit License
Section 503.036. Reassignment of Evidence of Ownership; Dealer Categories
Section 503.037. Rights of Wholesale Motor Vehicle Auction
Section 503.038. Cancellation of General Distinguishing Number
Section 503.039. Public Motor Vehicle Auctions
Section 503.040. Sales of Certain Used Motor Vehicles Constitute Private Disposition