Texas § TN.503.040 - SALES OF CERTAIN USED MOTOR VEHICLES CONSTITUTE PRIVATE DISPOSITION
Full text of Texas The Texas Constitution § TN.503.040 — SALES OF CERTAIN USED MOTOR VEHICLES CONSTITUTE PRIVATE DISPOSITION, with citation guidance and answers to common questions.
§ TN.503.040. SALES OF CERTAIN USED MOTOR VEHICLES CONSTITUTE PRIVATE DISPOSITION
SALES OF CERTAIN USED MOTOR VEHICLES CONSTITUTE PRIVATE DISPOSITION. (a) This section applies only to the sale of a used motor vehicle that constitutes collateral by a secured party acting under Chapter 9 , Business & Commerce Code, and occurs at an auction conducted by an independent motor vehicle dealer: (1) at which neither the debtor nor the secured party is permitted to bid; and (2) for which there has been no advertisement or public notice before the sale that specifically describes the collateral to be sold, other than the inclusion of the motor vehicle in a list of the vehicles to be offered at the auction made available to potential bidders at the auction. (b) The sale of the used motor vehicle constitutes a private disposition for purposes of Chapter 9 , Business & Commerce Code. Added by Acts 2009, 81st Leg., R.S., Ch. 836 (S.B. 1827 ), Sec. 1, eff. September 1, 2009. SUBCHAPTER C. LICENSE PLATES
Source: official Texas text · Last verified 2026-08-27
Frequently Asked Questions About Texas § TN.503.040
What does The Texas Constitution § TN.503.040 cover?
Section TN.503.040 ("SALES OF CERTAIN USED MOTOR VEHICLES CONSTITUTE PRIVATE DISPOSITION") is part of the The Texas Constitution, the codified statutory law of Texas. 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 Texas § TN.503.040?
A common citation format is "The Texas Constitution § TN.503.040" (Texas). 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 Texas law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Texas official source linked on this page or consult a licensed Texas attorney.
How does Texas § TN.503.040 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Texas 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 Texas.