Sec. 2301.260. APPLICATION FOR DISTRIBUTOR'S LICENSE. (a) An application for a distributor's license must disclose:
(1) the manufacturer for whom the distributor will act;
(2) whether the manufacturer is licensed in this state;
(3) the persons in this state who will be responsible for compliance with the warranty covering the motor vehicles to be sold;
(4) the terms of the contract under which the distributor will act for the manufacturer; and
(5) the franchised dealers with whom the distributor will do business.
(b) An applicant for a distributor's license that has a responsibility under a warranty agreement must include a statement regarding the manufacturer's compliance with Subchapter I and Sections 2301.451-2301.476.
(c) An applicant for or holder of a distributor's license must inform the board of a change in the information provided under this section not later than the 15th day after the date of the change. Information submitted under this subsection becomes a part of the application.
Added by Acts 2001, 77th Leg., ch. 1421, Sec. 5, eff. June 1, 2003.
Amended by:
Acts 2013, 83rd Leg., R.S., Ch. 1135 (H.B. 2741), Sec. 9, eff. September 1, 2013.
Section: Previous 2301.254 2301.255 2301.256 2301.257 2301.2575 2301.258 2301.259 2301.260 2301.261 2301.262 2301.263 2301.264 2301.265 2301.266 2301.301 NextLast modified: September 28, 2016