Sec. 2301.260. APPLICATION FOR DISTRIBUTOR'S LICENSE

1. (a) An application for a distributor's license must disclose:

   1. (1) the manufacturer for whom the distributor will act;
   2. (2) whether the manufacturer is licensed in this state;
   3. (3) the persons in this state who will be responsible for compliance with the warranty covering the motor vehicles to be sold;
   4. (4) the terms of the contract under which the distributor will act for the manufacturer; and
   5. (5) the franchised dealers with whom the distributor will do business.
2. (b) An applicant for a distributor's license that has a responsibility under a warranty agreement must include a statement regarding the manufacturer's compliance with Subchapter I and Sections 2301.451-2301.476.
3. (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.

Added by Acts 2001, 77th Leg., ch. 1421, Sec. 5, eff. June 1, 2003.

Acts 2013, 83rd Leg., R.S., Ch. 1135 (H.B. 2741), Sec. 9, eff. September 1, 2013.