190.032 Nonprofit motor vehicle dealers -- License and regulation requirements.
192 words·~1 min read·
/ky/chapter-190/190-032A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
(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.