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Texas Statutes (Last Updated: January 4, 2014) |
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OCCUPATIONS CODE |
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Title 14. REGULATION OF MOTOR VEHICLES AND TRANSPORTATION |
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Subtitle A. REGULATIONS RELATED TO MOTOR VEHICLES |
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Chapter 2301. SALE OR LEASE OF MOTOR VEHICLES |
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Subchapter F. LICENSE REQUIREMENTS |
Sec. 2301.260. APPLICATION FOR DISTRIBUTOR'S LICENSE
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(a) An application for a distributor's license must disclose:
(1) the manufacturer for whom the distributor will act;
(2) whether the manufacturer is licensed in this state;
(3) the warranty covering the motor vehicles to be sold;
(4) the persons in this state who will be responsible for compliance with the warranty;
(5) the terms of the contract under which the distributor will act for the manufacturer; and
(6) the franchised dealers with whom the distributor will do business.
(b) An applicant for a distributor's license that has a responsibility under a warranty agreement must provide the same information relating to the agreement as is provided by an applicant for a manufacturer's license under Section 2301.259.
(c) An applicant for or holder of a distributor's license must inform the board of a change in the information provided under this section not later than the 15th day after the date of the change. Information submitted under this subsection becomes a part of the application.