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

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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 <br>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 <br>under the provisions of this chapter, except that a nonprofit motor vehicle dealer <br>shall not be required to: <br>(a) Comply with KRS 190.030(7); or <br>(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; <br>(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 <br>of a license to be a nonprofit motor vehicle dealer and standards for disability and <br>disadvantaging condition. In addition, the commission may promulgate additional <br>administrative regulations that are necessary to implement this section. Effective: July 15, 2010 <br>History: Created 2010 Ky. Acts ch. 43, sec. 1, effective July 15, 2010.