Alabama § 40-12-446 - License Required; Application; Recordkeeping.
Full text of Alabama Code of Alabama § 40-12-446 — License Required; Application; Recordkeeping., with citation guidance and answers to common questions.
§ 40-12-446. License Required; Application; Recordkeeping.
(a) A person may not engage in the business of a motor vehicle wholesale auction unless the person is licensed under this article by the department.
(b) A person desiring to engage in the business of a motor vehicle wholesale auction shall apply to the department on a form prescribed by the department. The form shall contain all of the following:
(1) The legal name of the applicant.
(2) The street address of the applicant’s principal place of business.
(3) The street address of the applicant’s headquarters, if different from the applicant’s principal place of business.
(4) Any additional information as may be required by the department.
(c) A motor vehicle wholesale auction shall be required to maintain books, records, and files that shall be accessible and available for inspection by the department during normal business hours on usual business days. The department, by rule, shall establish electronic reporting requirements regarding the sale of motor vehicles at the motor vehicle wholesale auction.
(d) Every licensee under this article shall keep books and records in a form prescribed by the department. The books and records shall include purchases, sales or exchanges, and receipts of every motor vehicle purchased or sold or held for sale at the location of the licensee. In addition, the books and records shall include a description of each motor vehicle, which shall include the vehicle identification number of each motor vehicle, together with the name and address of any seller or purchaser of the motor vehicle.
(e) A motor vehicle wholesale auction may not sell a motor vehicle or component parts to anyone other than a licensed new or used motor vehicle dealer, automotive dismantler and parts recycler, secondary metals recycler as defined in Section 13A-8-30, or a person with an equivalent license from another jurisdiction.
Frequently Asked Questions About Alabama § 40-12-446
What does Code of Alabama § 40-12-446 cover?
Section 40-12-446 ("License Required; Application; Recordkeeping.") is part of the Code of Alabama, the codified statutory law of Alabama. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Alabama § 40-12-446?
A common citation format is "Code of Alabama § 40-12-446" (Alabama). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Alabama law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Alabama official source linked on this page or consult a licensed Alabama attorney.
How does Alabama § 40-12-446 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Alabama can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Alabama.