190.032 Nonprofit motor vehicle dealers -- License and regulation requirements. - Kentucky Statutes

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Page 1 of 1 190.032 Nonprofit motor vehicle dealers -- License and regulation requirements. (1) A nonprofit organization, prior to engaging in the business of a nonprofit motor vehicle dealer, shall obtain a nonprofit motor vehicle dealer license from the
commission. (2) A nonprofit motor vehicle dealer and persons who act as salespersons for a nonprofit motor vehicle dealer shall be licensed and regulated by the commission
under the provisions of this chapter, except that a nonprofit motor vehicle dealer
shall not be required to:
(a) Comply with KRS 190.030(7); or
(b) Comply with KRS 190.035. (3) A nonprofit motor vehicle dealer may sell vehicles only to: (a) A person who is a client of the nonprofit organization;
(b) A person referred by other nonprofit organizations or governmental agencies who meets the definition of client as defined in KRS 190.010; or (c) A licensed motor vehicle dealer or automotive recycling dealer. (4) The commission shall promulgate administrative regulations in accordance with KRS Chapter 13A to establish requirements for initial application for and renewal
of a license to be a nonprofit motor vehicle dealer and standards for disability and
disadvantaging condition. In addition, the commission may promulgate additional
administrative regulations that are necessary to implement this section. Effective: July 15, 2010
History: Created 2010 Ky. Acts ch. 43, sec. 1, effective July 15, 2010.