Texas Occupations Code 2302.101 – License or Dealer’s General Distinguishing Number Required
Current as of: 2024 | Check for updates
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Terms Used In Texas Occupations Code 2302.101
- Escrow: Money given to a third party to be held for payment until certain conditions are met.
- 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
Unless a person holds a salvage vehicle dealer license issued under this chapter or an independent motor vehicle dealer’s general distinguishing number issued under Chapter 503, Transportation Code, the person may not:
(1) act as a salvage vehicle dealer or rebuilder; or
(2) store or display a motor vehicle as an agent or escrow agent of an insurance company.
Text of section as amended by Acts 2019, 86th Leg., R.S., Ch. 279 (H.B. 1667), Sec. 2
For text of section as amended by Acts 2019, 86th Leg., R.S., Ch. 594 (S.B. 604), Sec. 2.08, see other Sec. 2302.101.
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