Iowa Code 322.28 – Distributor or wholesaler’s license
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Terms Used In Iowa Code 322.28
- At retail: means to dispose of a motor vehicle to a person who will devote it to a consumer use. See Iowa Code 322.2
- Distributor: means a person, resident or nonresident, who sells or distributes all-terrain vehicles to all-terrain vehicle dealers in this state or who maintains distributor representatives. See Iowa Code 321I.1
- Motor vehicle: means a self-propelled vehicle purchased or leased in this state, except as provided in section 322G. See Iowa Code 322G.2
- Motor vehicle: means any self-propelled vehicle subject to registration under chapter 321. See Iowa Code 322.2
- Vehicle: means any vehicle as defined in chapter 321. See Iowa Code 321H.2
- wholesaler: means a person, resident or nonresident, who in whole or part, sells or distributes motor vehicles to motor vehicle dealers, or who maintains distributor representatives. See Iowa Code 322.2
A distributor or wholesaler of new motor vehicles shall not sell or offer for sale a new motor vehicle at retail unless licensed as a new motor vehicle dealer. A licensed distributor or wholesaler of a new motor vehicle shall not register or title a new motor vehicle held for sale and shall transfer ownership of a new motor vehicle by assigning the manufacturer‘s statement of origin for the vehicle.