Section 6-6-6.5-10.3 - Dealer's certificate; revocation or denial, notice, reinstatement, or certification upon proof of bona fide dealer status(a) If the department determines that an applicant or a dealer is not a bona fide dealer, the department shall revoke the certificate or a certificate may not be issued. The department shall, not later than ten (10) days after making a determination described in this subsection, notify the dealer by United States mail at the last known address of the dealer or applicant.(b) On the date a certificate is revoked or renewal is denied: (1) a sale occurs for the purposes of this chapter;(2) dealer inventory status ends;(3) all aircraft shall be registered under nondealer rules; and(4) all applicable taxes and fees become due.(c) If the applicant or dealer can offer sufficient proof of bona fide dealer status not later than fifteen (15) days after the date of the notification letter, dealer status may be retroactively reinstated and initial applicants may be certified at the department's discretion.As added by P.L. 65-1997, SEC.13.