Sec. 520.055. APPLICATION REQUIREMENTS: CORPORATION  


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  • In addition to the information required in Section 520.054, an applicant for a motor vehicle title service license that intends to engage in business as a corporation shall submit the following information:

    (1) the state of incorporation;

    (2) the name, address, date of birth, and social security number of each of the principal owners and directors of the corporation;

    (3) information about each officer and director as required by the county tax assessor-collector to establish the business reputation and character of the applicant; and

    (4) a statement indicating whether an employee, officer, or director has been refused a motor vehicle title service license or a title service runner's license or has been the holder of a license that was revoked or suspended.

Added by Acts 1999, 76th Leg., ch. 1478, Sec. 2, eff. Sept. 1, 1999.