46.2-631 - When transferred certificate of title need not be forwarded. - Virginia Statutes

§ 46.2-631. When transferred certificate of title need not be forwarded.

When the transferee of a motor vehicle, trailer, or semitrailer is a dealerwho holds it for resale and operates it only for sales purposes under adealer's license plate, the transferee shall not be required to register itnor forward the certificate of title to the Department, as provided in §46.2-630, but the transferee, on transferring his title or interest toanother person, shall notify the Department of the transfer and shall endorseand acknowledge an assignment and warranty of title on the certificate anddeliver it to the person to whom the transfer is made.

(Code 1950, § 46-86; 1958, c. 541, § 46.1-90; 1988, c. 363; 1989, c. 727.)