Section 13-623 - Special registration plates for financial institutions.
§ 13-623. Special registration plates for financial institutions.
(a) "Financial institution" defined.- In this section, "financial institution" means:
(1) Any bank that is authorized to do business in this State; and
(2) Any other financial institution that is licensed to do business in this State by the Commissioner of Financial Regulation.
(b) Who may obtain.- Any financial institution may apply to the Administration for the issuance of as many special, finance company registration plates as the Administration authorizes.
(c) Operation of vehicles with special plates.- A financial institution may drive, under any one finance company registration plate issued to it, any vehicle repossessed by or on behalf of the financial institution:
(1) From the place of its repossession to a place of storage;
(2) From one place of storage to another;
(3) To or from a business for its repair; or
(4) To or from a place for its inspection.
[An. Code 1957, art. 661/2, § 3-601.1; 1977, ch. 14, § 2; 1978, ch. 345; 1996, ch. 326, § 2.]