(a) “Related finance company” means a person in which at least 80 percent of the ownership is identical to the ownership of a dealer, as defined by § 503.001, Transportation Code.
(b) The comptroller shall establish a registration system for related finance companies under this section.

Terms Used In Texas Tax Code 152.0475

  • Comptroller: means the Comptroller of Public Accounts of the State of Texas. See Texas Tax Code 1.04
  • 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) A related finance company may register with the comptroller on a form prescribed by the comptroller. The comptroller shall make the forms available to the public. A registration remains in effect until canceled by the registration holder or the comptroller.
(d) Repealed by Acts 2017, 85th Leg., R.S., Ch. 272 (H.B. 2067), Sec. 2, eff. May 29, 2017.
(e) The comptroller may adopt rules to implement this section.

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