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168.27.4a

Statute ID: 12640

Statute Function ID: 27783

Motor Vehicle Dealers - Limited use vehicle license

In Effect

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Details are only available for Penalty and Charging Statutes.

Statute Number:

168.27.4a

Enactment Date:

Jan 1, 1859

Effective Date:

Aug 1, 2002

Expiration Date:

Repealed?:

Summary Text:

Motor Vehicle Dealers - Limited use vehicle license

Statute ID:

12640

Created:

Dec 31, 2008 by mnjis.legal.analyst@state.mn.us

Updated:

Dec 31, 2008 by mnjis.legal.analyst@state.mn.us

Last Update Action:

Added

Legal Analyst Comment:

2002 c 371 art 1 s 9; 2009 Payables List Updates

Summary Text:

Motor Vehicle Dealers - Limited use vehicle license

Link to MN Statute Text:

https://www.revisor.leg.state.mn.us/stats/168/27.html

Legislative Session:

2002 - Regular

Session Law Text?:

Statute text last updated on:

Dec 31, 2008

(a) A limited used vehicle license shall be provided to a nonprofit charitable organization that qualifies for tax exemption under section 501(c)(3) of the Internal Revenue Code whose primary business in the transfer of vehicles is to raise funds for the corporation, who acquires vehicles for sale through donation, and who uses a licensed motor vehicle auctioneer to sell vehicles to individuals, or who sells and reassigns vehicles to a licensed motor vehicle dealer. This license does not apply to educational institutions whose primary purpose is to train students in the repair, maintenance, and sale of motor vehicles. A limited used vehicle license allows the organization to accept assignment of vehicles without the requirement to transfer title as provided in section 168A.10 until sold or donated to an individual or licensed motor vehicle dealer. Limited used vehicle license holders are not entitled to dealer plates, and shall report all vehicles held for resale to the Department of Public Safety in a manner and time prescribed by the department. 
(b) A nonprofit charitable organization with a limited used vehicle license shall, within 90 days after a vehicle donation, send a donor a receipt for the donated vehicle which states its model; age; level of use, including, but not limited to, the mileage; its condition, and whether a visual inspection disclosed any readily apparent defects that would materially reduce the value of the property. The receipt must include the date of the donation and must state whether the vehicle was operable or inoperable at the time of the donation.