Tennessee Code 55-17-419 – Sale of used motor vehicles by recreational vehicle dealer
Current as of: 2024 | Check for updates
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Terms Used In Tennessee Code 55-17-419
- Dealer: means every person engaged in the business of buying, selling or exchanging vehicles of a type required to be registered and who has an established place of business for that purpose in this state. See Tennessee Code 55-8-101
- Sale: means the issuance, transfer, agreement for transfer, exchange, pledge, hypothecation, or mortgage in any form, whether by transfer in trust or otherwise, of any recreational vehicle or interest in such vehicle, as well as any option, subscription or other contract, or solicitation looking to sell, offer, or attempt to sell in any form, whether spoken or written. See Tennessee Code 55-17-401
- Vehicle: means every device in, upon or by which any person or property is or may be transported or drawn upon a highway, excepting devices used exclusively upon stationary rails or tracks. See Tennessee Code 55-8-101
A recreational vehicle dealer licensed to sell recreational vehicles may sell used motor vehicles; provided, that the annual income derived from the sale of used motor vehicles is less than thirty-three percent (33%) of the gross annual income of the dealership.