Section 75 IAC 2-2-11 - Number of vehicles sold by dealer or transfer dealerAuthority: IC 9-23-0.7-1
Affected: IC 9-23
Sec. 11.
(a) Dealers and transfer dealers, with the exception of wholesale dealers, financial institutions, and insurance companies, must sell a minimum of twelve (12) vehicles within a twelve (12) month period. For the purpose of determining the number of units sold or anticipated to be sold by a dealer, the licensing year shall be used.(b) A wholesale dealer is subject to the requirement of selling one hundred twenty (120) vehicles within a twelve (12) month period. For the purpose of determining the number of units sold or anticipated to be sold by a wholesale dealer, the licensing year shall be used. Secretary of State; 75 IAC 2-2-11; filed Jan 5, 1994, 5:00 p.m.: 17 IR 977; readopted filed Oct 17, 2001, 4:50 p.m.: 25 IR 914; readopted filed Nov 21, 2007, 10:47 a.m.: 20071219-IR-075070701RFA; readopted filed Nov 13, 2013, 3:25 p.m.: 20131211-IR-075130451RFAUnder P.L. 184-2007, SECTION 66, 140 IAC 3.5-2-13 was renumbered by the Publisher as 75 IAC 2-2-11, effective July 1, 2007.