Kentucky Statutes 186A.230 – Assignment titles used by motor vehicle dealers
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(1) Nothing in this chapter shall be construed as requiring that a trade-in vehicle received by a motor vehicle dealer licensed in this state must be titled by assignment in the dealer’s name substantially, simultaneously with the registration or titling of the vehicle toward which the trade-in vehicle was received.
(2) Licensed motor vehicle dealers shall be allowed to title by assignment a trade-in vehicle into their name if they possess an original or a copy of a title for the trade-in or in lieu thereof an affidavit. The affidavit shall contain the existing owner‘s name, address, make, year, model, vehicle identification number, license plate number, decal number, title number, if available, and the dealer’s name, address and telephone number and any additional information required by the Transportation Cabinet.
Effective: July 15, 1982
History: Created 1982 Ky. Acts ch. 164, sec. 43, effective July 15, 1982.
(2) Licensed motor vehicle dealers shall be allowed to title by assignment a trade-in vehicle into their name if they possess an original or a copy of a title for the trade-in or in lieu thereof an affidavit. The affidavit shall contain the existing owner‘s name, address, make, year, model, vehicle identification number, license plate number, decal number, title number, if available, and the dealer’s name, address and telephone number and any additional information required by the Transportation Cabinet.
Terms Used In Kentucky Statutes 186A.230
- Affidavit: A written statement of facts confirmed by the oath of the party making it, before a notary or officer having authority to administer oaths.
- Cabinet: means the Transportation Cabinet. See Kentucky Statutes 186A.005
- Owner: when applied to any animal, means any person having a property interest in such animal. See Kentucky Statutes 446.010
- State: when applied to a part of the United States, includes territories, outlying possessions, and the District of Columbia. See Kentucky Statutes 446.010
- Year: means calendar year. See Kentucky Statutes 446.010
Effective: July 15, 1982
History: Created 1982 Ky. Acts ch. 164, sec. 43, effective July 15, 1982.