Texas Transportation Code 504.855 – Transferability of Certain Patterns
Current as of: 2024 | Check for updates
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Terms Used In Texas Transportation Code 504.855
- Contract: A legal written agreement that becomes binding when signed.
- 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
- Rule: includes regulation. See Texas Government Code 311.005
The board by rule may:
(1) authorize a person who purchases a license to display an alphanumeric pattern for a period of five years or more to transfer the license; and
(2) establish a transfer fee to be distributed in accordance with the contract with the private vendor.