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MS SB2836
Bill
AI Summary
- Prohibits motor vehicle manufacturers, distributors, and their subsidiaries from owning, operating, or controlling dealerships in Mississippi for the same type of vehicles they manufacture or distribute
- Bars manufacturers and distributors from applying for or obtaining a new motor vehicle dealer license in the state
- Allows temporary manufacturer ownership of a dealership for up to one year during transitions between licensed dealers, with possible extensions for good cause
- Permits manufacturer ownership when an independent person has made a significant investment and can reasonably expect to acquire full ownership within a reasonable time
- Creates an exception for manufacturers selling only plug-in electric vehicles to own and operate one dealership in Mississippi, provided it was continuously licensed since August 1, 2021, and ownership cannot be transferred to another licensable entity
Legislative Description
Motor vehicle dealership license requirements; revise certain provisions of.
Last Action
Died In Committee
2/1/2022
Committee Referrals
Finance1/17/2022
Full Bill Text
No bill text available