§ 19.116.050. Unlawful transfer of motor vehicle -- Conditions
A dealer engages in an act of unlawful transfer of ownership interest in motor vehicles when all of the following circumstances are met:
(1) The dealer does not pay off any balance due to the secured party on a vehicle acquired by the dealer, no later than the close of the second business day after the acquisition date of the vehicle; and
(2) The dealer does not obtain a certificate of ownership under RCW 46.70.124 for each used vehicle kept in his or her possession unless that certificate is in the possession of the person holding a security interest in the dealer's inventory; and
(3) The dealer does not transfer the certificate of ownership after the transferee has taken possession of the motor vehicle.
[2000 c 171 § 71; 1990 c 44 § 6.]
Sections: Previous 19.116.005 19.116.010 19.116.020 19.116.030 19.116.040 19.116.050 19.116.060 19.116.070 19.116.080 19.116.090 19.116.100 19.116.110 19.116.120 19.116.900 NextLast modified: April 7, 2009