Texas Transportation Code 503.036 – Reassignment of Evidence of Ownership; Dealer Categories
(a) The holder of a franchised motor vehicle dealer’s general distinguishing number may buy, sell, or exchange new or used motor vehicles and reassign a manufacturer’s certificate of origin, certificate of title, or other basic evidence of ownership of any type of vehicle owned by the dealer that the dealer is not otherwise prohibited by law from selling or offering for sale.
(b) The holder of an independent motor vehicle dealer’s general distinguishing number or an independent mobility motor vehicle dealer’s general distinguishing number may reassign a certificate of title or other basic evidence of ownership of any type of vehicle owned by the dealer that the dealer is not otherwise prohibited by law from selling or offering for sale.
Terms Used In Texas Transportation Code 503.036
- Evidence: Information presented in testimony or in documents that is used to persuade the fact finder (judge or jury) to decide the case for one side or the other.
- Jurisdiction: (1) The legal authority of a court to hear and decide a case. Concurrent jurisdiction exists when two courts have simultaneous responsibility for the same case. (2) The geographic area over which the court has authority to decide cases.
- Person: includes corporation, organization, government or governmental subdivision or agency, business trust, estate, trust, partnership, association, and any other legal entity. See Texas Government Code 311.005
(c) The holder of a wholesale motor vehicle dealer’s general distinguishing number may sell or offer to sell motor vehicles to no person except:
(1) a person who holds a general distinguishing number; or
(2) a person who is legally recognized as and duly licensed or otherwise qualified as a dealer under the laws of another state or foreign jurisdiction.