No person, partnership, association, corporation, or limited liability company may engage in
the business of buying, selling, leasing, or exchanging ultralight vehicles, or advertise or hold
out to the public as being in the business of buying, selling, leasing, or exchanging of ultralight
vehicles without first being licensed as provided in this chapter.
The aeronautics commission shall prescribe and furnish license and renewal license
application forms. A nonrefundable fee of fifty dollars must accompany each application for each
dealer location. A dealer's license expires on December thirty-first of each year, and application
for renewal must be made before the expiration of the current dealer's license. For each annual
fifty dollar license fee or renewal, the dealer must be issued one
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No person, partnership, association, corporation, or limited liability company may engage in
the business of buying, selling, leasing, or exchanging ultralight vehicles, or advertise or hold
out to the public as being in the business of buying, selling, leasing, or exchanging of ultralight
vehicles without first being licensed as provided in this chapter.
The aeronautics commission shall prescribe and furnish license and renewal license
application forms. A nonrefundable fee of fifty dollars must accompany each application for each
dealer location. A dealer's license expires on December thirty-first of each year, and application
for renewal must be made before the expiration of the current dealer's license. For each annual
fifty dollar license fee or renewal, the dealer must be issued one dealer's registration for one
demonstrator ultralight vehicle. Additional dealer's demonstrator ultralight vehicle registrations
must be issued to a licensed dealer upon the payment of ten dollars for each additional
demonstrator ultralight vehicle. Fees from license applications of ultralight vehicle dealers and
any other fees received for additional demonstrator ultralight vehicle registrations must be
deposited in the aeronautics commission special fund.
An ultralight vehicle dealer shall maintain a permanent place of business in North Dakota
which may be off or on an airport; provided, if the place of the business is off an airport, such
dealer shall maintain a cleared area of sufficient size and length to safely demonstrate ultralight
vehicles without undue approach hazards or hazards to other persons or property. The dealer
shall maintain business records in the dealer's place of business. An ultralight dealer to qualify
for a dealer's license shall maintain at least one flyable ultralight vehicle for demonstration
purposes and shall maintain a minimum of five hundred dollars in tools, equipment, parts, or
supplies to provide service for ultralight vehicles. The aeronautics commission has the option of
inspection of each ultralight dealer prior to issuing a dealer's license or a renewal.