Tex.
Transp. Code Section 503.037
Rights of Wholesale Motor Vehicle Auction
(a)
A person who holds a wholesale motor vehicle auction general distinguishing number may accept on consignment one or more motor vehicles to auction. The person may offer a motor vehicle for sale only at the location for which the general distinguishing number is issued and only by bid to the highest bidder. The title to a motor vehicle may be in the name in which the general distinguishing number is issued.(b)
Except as provided by Subsection (d), a person who holds a wholesale motor vehicle auction general distinguishing number may not sell a motor vehicle to a person other than a person who:(1)
is a dealer; or(2)
has a license and, if applicable, a bond issued by the appropriate authority of another state or nation.(c)
A person who holds a wholesale motor vehicle auction general distinguishing number may not allow another person to use the auction’s facilities or general distinguishing number to sell or auction a motor vehicle.(d)
Subsection (b) does not prohibit a person who holds a wholesale motor vehicle auction general distinguishing number from offering for sale a motor vehicle to a person who is not a dealer or who does not have a license issued by the appropriate authority of another state, if the motor vehicle is owned by:(1)
this state or a department, agency, or subdivision of this state; or(2)
the United States.
Source:
Section 503.037 — Rights of Wholesale Motor Vehicle Auction, https://statutes.capitol.texas.gov/Docs/TN/htm/TN.503.htm#503.037 (accessed Jun. 5, 2024).
