2005 Minnesota Statutes - 360.63 — Dealer\'s license.

     360.63 Dealer's license. 


    Subdivision 1.    Qualifications.  Any person engaged in 
 the business of selling, purchasing, or dealing in aircraft, new 
 or used, and who desires to withhold aircraft owned by that 
 person from tax as provided in sections 360.511 to 360.67, may 
 apply to the commissioner for an aircraft dealer's license.  In 
 order to qualify for an aircraft dealer's license the applicant 
 shall show that the applicant has an established place of 
 business approved by the commissioner that has the necessary 
 buildings, facilities, and equipment for the proper storage and 
 maintenance of aircraft in accordance with such rules as may be 
 established by the commissioner.  The commissioner may charge a 
 fee of $10 for each license, which license shall be effective 
 for one year from the date of its issuance, or may authorize an 
 aircraft dealer to operate under a flight operator's license as 
 otherwise provided by this chapter.  The commissioner is 
 empowered to suspend or revoke any license issued by the 
 commissioner on determining that the holder thereof has violated 
 any of the provisions of sections 360.511 to 360.67 or has 
 failed to maintain any of the requirements necessary to obtain 
 such license. 


    Subd. 2.    Aircraft demonstration.  Any aircraft owned 
 by an aircraft dealer, licensed under this section, may be used 
 for the purpose of demonstration or for any purpose incident to 
 the usual conduct and operation of business as an aircraft 
 dealer; provided the aircraft has been first listed with the 
 commissioner on an aircraft withholding form provided by the 
 commissioner. 


    HIST: 1945 c 411 s 13; 1949 c 161 s 13; 1955 c 113 s 8; 1983 c 
 293 s 103; 1985 c 248 s 70; 1986 c 444; 1987 c 321 s 6; 2005 c 
 41 s 11