43 Tex. Admin. Code § 215.114

Current through Reg. 49, No. 44; November 1, 2024

Section 215.114 - Sale of a Vehicle by a Manufacturer or Distributor at a Wholesale Motor Vehicle Auction

A manufacturer or distributor licensed under Occupations Code, Chapter 2301 or a wholly owned subsidiary of a manufacturer or distributor, may sell motor vehicles it owns to dealers through a licensed Texas wholesale motor vehicle auction. A GDN issued to a licensed manufacturer, distributor, or wholly owned subsidiary of a manufacturer or distributor shall be canceled, unless otherwise allowed under Occupations Code, Chapter 2301.

The provisions of this §215.114 adopted to be effective February 11, 2010, 35 TexReg 883; Amended by Texas Register, Volume 42, Number 06, February 10, 2017, TexReg 578, eff. 2/13/2017