Partnertax.ai
Start free trial →

Code of Alabama — Title 40 (Revenue and Taxation)

Ala. Code § 40-12-446

License Required; Application; Recordkeeping

Official textalison.legislature.state.al.us

# (a)

A person may not engage in the business of a motor vehicle wholesale auction unless the person is licensed under this article by the department.

# (b)

A person desiring to engage in the business of a motor vehicle wholesale auction shall apply to the department on a form prescribed by the department. The form shall contain all of the following:

# (1)

The legal name of the applicant.

# (2)

The street address of the applicant’s principal place of business.

# (3)

The street address of the applicant’s headquarters, if different from the applicant’s principal place of business.

# (4)

Any additional information as may be required by the department.

# (c)

A motor vehicle wholesale auction shall be required to maintain books, records, and files that shall be accessible and available for inspection by the department during normal business hours on usual business days. The department, by rule, shall establish electronic reporting requirements regarding the sale of motor vehicles at the motor vehicle wholesale auction.

# (d)

Every licensee under this article shall keep books and records in a form prescribed by the department. The books and records shall include purchases, sales or exchanges, and receipts of every motor vehicle purchased or sold or held for sale at the location of the licensee. In addition, the books and records shall include a description of each motor vehicle, which shall include the vehicle identification number of each motor vehicle, together with the name and address of any seller or purchaser of the motor vehicle.

# (e)

A motor vehicle wholesale auction may not sell a motor vehicle or component parts to anyone other than a licensed new or used motor vehicle dealer, automotive dismantler and parts recycler, secondary metals recycler as defined in Section 13A-8-30, or a person with an equivalent license from another jurisdiction.

Last amended: Act 2019-244, §3.

Source: view the official text

Report a problem

What's wrong?

Sent anonymously with this page's citation. No personal information is collected.
In this chapter (40 sections)
  1. 40-12-370 · Eligibility; Scope
  2. 40-12-371 · State License
  3. 40-12-372 · County License
  4. 40-12-373 · Municipal License
  5. 40-12-374 · Duty of Officials; Form of License; Penalty for Transfer
  6. 40-12-375 · Corporations, Associations and Partnerships; Certain…
  7. 40-12-376 · Fraudulently Obtaining License
  8. 40-12-377 · Penalty for Violation by Officials
  9. 40-12-390 · Definitions
  10. 40-12-391 · License - Generally
  11. 40-12-392 · License - Applications; Inspection of Records; Restrictions…
  12. 40-12-392.1 · License — Adjustment of Application Fees; Biennial License
  13. 40-12-393 · License - Disposition of Fees Collected
  14. 40-12-395 · License - Supplemental Licenses; Off-Site Sales
  15. 40-12-396 · License - Suspension or Revocation; Reasons for Revocation…
  16. 40-12-398 · Bond Prerequisite to Issuance of License
  17. 40-12-399 · Records to Be Kept by Licensees
  18. 40-12-400 · Violations of Article
  19. 40-12-401 · Licensing of Off-Road Vehicle Dealers
  20. 40-12-410 · Definitions
  21. 40-12-411 · License - Required
  22. 40-12-412 · License - Application
  23. 40-12-413 · License - Fee
  24. 40-12-414 · License - Proof of Financial Responsibility
  25. 40-12-415 · License - Term; Renewal
  26. 40-12-416 · License - Refusal, Cancellation, or Revocation - Authority…
  27. 40-12-418 · Other Licenses Not Required
  28. 40-12-419 · Records to Be Kept; Inspection of Records
  29. 40-12-420 · Transfer of Motor Vehicle Certificate of Title to or from…
  30. 40-12-421 · Restrictions on Sales at Salvage Pools or Salvage Disposal…
  31. 40-12-422 · Salvage Dealers Licensed in Other States
  32. 40-12-423 · License Plates from Dismantled Vehicles to Be Forwarded to…
  33. 40-12-424 · Penalty
  34. 40-12-425 · Injunctive Relief
  35. 40-12-445 · Definitions
  36. 40-12-446 · License Required; Application; Recordkeeping
  37. 40-12-447 · License Fee; Expiration and Renewal
  38. 40-12-448 · Surety Bond
  39. 40-12-449 · Suspension, Revocation, or Denial of License
  40. 40-12-450 · Violations
Full table of contents →