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CO HB1286

Bill

Official Source

Status

Passed

6/3/2019

Primary Sponsor

Tracy Kraft-Tharp

Click for details

Origin

House of Representatives

2019 Regular Session

AI Summary

  • Limits wholesaler's licenses issued by the Motor Vehicle Dealer Board to no more than two individuals performing wholesaler activities
  • Requires the two authorized individuals to be named in the license and be owners or part owners of the business
  • Applies the same restrictions to wholesaler licenses under both Colorado Revised Statutes 44-20-108 and 44-20-408
  • Takes effect 90 days after the general assembly adjourns, or August 2, 2019, unless subject to a successful referendum petition
  • Applies to licenses issued or renewed on or after the effective date

Legislative Description

Motor Vehicle Wholesaler Authorized Individuals

Business & Economic Development

Last Action

Governor Signed

6/3/2019

Committee Referrals

Business, Labor, & Technology4/9/2019
Business Affairs and Labor3/28/2019

Full Bill Text

No bill text available