2006 Utah Code - 41-3-103 — Exceptions to "dealer" definition -- Dealer licensed in other state.

     41-3-103.   Exceptions to "dealer" definition -- Dealer licensed in other state.
     Under this chapter:
     (1) (a) An insurance company, bank, finance company, public utility company, commission impound yard, federal or state governmental agency, or any political subdivision of any of them or any other person coming into possession of a motor vehicle as an incident to its regular business, that sells the motor vehicle under contractual rights that it may have in the motor vehicle is not considered a dealer.
     (b) A person who sells or exchanges only those motor vehicles that he has owned for over 12 months is not considered a dealer.
     (2) (a) A person engaged in leasing motor vehicles is not considered as coming into possession of the motor vehicles incident to his regular business; and
     (b) a pawnbroker engaged in selling, exchanging, or pawning motor vehicles is not considered as coming into possession of the motor vehicles incident to his regular business.
     (3) A person currently licensed as a dealer or salesperson by another state or country and not currently under license suspension or revocation by the administrator may only sell motor vehicles in this state to licensed dealers, dismantlers, or manufacturers, and only at their places of business.

Renumbered and Amended by Chapter 234, 1992 General Session