Colorado § 42-6-111 Sale to dealers - certificate need not issue

Colorado Statutes

§ 42-6-111 — Sale to dealers - certificate need not issue

Colorado·Title 42 Vehicles and·Art. Certificates of Title -

(1)Upon the sale or transfer to a dealer of a motor or off-highway vehicle for which a Colorado certificate of title has been issued, the dealer shall transfer and file the certificate of title to the motor or off-highway vehicle; except that, so long as the vehicle remains in the dealer's possession and at the dealer's place of business for sale and for no other purpose, the dealer need not procure or file a new certificate of title as is otherwise required in this part 1.

(2)If a motor or off-highway vehicle dealer wishes to obtain a new certificate of title, the dealer may present the old certificate of title to the director with the fee imposed by section 42-6-137 (6), whereupon the director shall issue a new certificate of title to the dealer within one working day after a

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(1) Upon the sale or
transfer to a dealer of a motor or off-highway vehicle for which a Colorado
certificate of title has been issued, the dealer shall transfer and file the certificate
of title to the motor or off-highway vehicle; except that, so long as the vehicle
remains in the dealer's possession and at the dealer's place of business for sale and
for no other purpose, the dealer need not procure or file a new certificate of title as
is otherwise required in this part 1.

(2) If a motor or off-highway vehicle dealer wishes to obtain a new certificate
of title, the dealer may present the old certificate of title to the director with the fee
imposed by section 42-6-137 (6), whereupon the director shall issue a new
certificate of title to the dealer within one working day after application. This
subsection (2) does not apply to a motor or off-highway vehicle subject to a lien.

(3) (a) A wholesale motor vehicle auction dealer who does not buy, sell, or
own the motor vehicles transferred at auction shall disclose the identity of the
wholesale motor vehicle auction dealer, the date of the auction, and the license
number of the auction on a form and in a manner prescribed by the executive
director. A wholesale motor vehicle auction dealer does not become an owner by
reason of such disclosure nor as a result solely of the guarantee of title, guarantee
of payment, or reservation of a security interest.

(b) A wholesale motor vehicle auction dealer may buy or sell motor vehicles
at wholesale in such dealer's own name and, in such instances, shall comply with
the provisions of this part 1 applicable to dealers, including licensing.

Colorado § 42-6-111 (Sale to dealers - certificate need not issue) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.

Legislative History

Source: L. 94: Entire title amended with relocations, p. 2453, � 1, effective January 1, 1995. L. 2000: (1) and (3)(a) amended, p. 1658, � 6, effective July 1, 2001. L. 2005: Entire section amended, p. 812, � 9, effective August 8. L. 2013: (1) and (2) amended, (SB 13-280), ch. 407, p. 2381, � 8, effective June 5.