Section 257.248c - Sale, transfer, or release of distressed late model vehicle; applicability of subsections (1) and (3). - Michigan Statutes

MICHIGAN VEHICLE CODE (EXCERPT)
Act 300 of 1949

***** 257.248c SUBSECTION (1) APPLIES UNTIL JULY 1, 1994; SUBSECTION (3) APPLIES BEGINNING JULY 1, 1994 *****

257.248c Sale, transfer, or release of distressed late model vehicle; applicability of subsections (1) and (3).

Sec. 248c.

(1) A vehicle salvage pool or broker shall not sell, transfer, or release a distressed, late model vehicle to anyone other than 1 or more of the following:

(a) The vehicle's former owner.

(b) A used or secondhand vehicle parts dealer.

(c) A vehicle scrap metal processor.

(d) A foreign salvage vehicle dealer licensed under this act.

(e) A registered motor vehicle repair facility engaging in body work.

(2) Subsection (1) applies until July 1, 1994.

(3) A vehicle salvage pool, auction, or broker shall not sell, transfer, or release a distressed, late model vehicle to anyone other than 1 or more of the following:

(a) The vehicle's former owner.

(b) A licensed salvage agent of an automotive recycler.

(c) A licensed salvage agent of a foreign salvage vehicle dealer.

(4) Subsection (3) applies beginning July 1, 1994.

History: Add. 1988, Act 255, Eff. Oct. 1, 1989 ;-- Am. 1992, Act 304, Imd. Eff. Dec. 21, 1992 ;-- Am. 1993, Act 300, Eff. Jan. 1, 1994