Section 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:7/15/2010
Created 2010, Ky. Acts ch. 43, sec. 1, effective7/15/2010.