61-4-121. Twenty-day permit -- limitation on issuance and transfer -- violation -- penalty. (1) (a) A dealer may not issue more than one 20-day permit under 61-4-111 or 61-4-112 per vehicle sale.
     (b) A dealer may not transfer 20-day permits to another dealer unless the dealer:
     (i) notifies the department within 3 days of the transfer;
     (ii) identifies to the department the dealer to whom any permits have been transferred;
     (iii) informs the department of the date of the transfer and the quantity and serial numbers of the transferred permits.
     (2) A dealer who violates the provisions of subsection (1) is subject to revocation of the privilege to issue 20-day permits for a period of time determined by the department.

     History: En. Sec. 11, Ch. 383, L. 1991; amd. Sec. 4, Ch. 221, L. 1997.