HB1451

Mississippi HB1451 updates the Mississippi Motor Vehicle Commission Law by bringing forward specific sections for potential amendment.

Mississippi HB1451 brings forward sections 63-17-75 and 63-17-109 of the Mississippi Motor Vehicle Commission Law for possible amendment. Section 63-17-75 outlines requirements for motor vehicle dealer licenses, including financial standing, business integrity, and proof of liability insurance. Section 63-17-109 details the right of first refusal for manufacturers or distributors to acquire a dealership under certain conditions. The bill specifies conditions for exercising this right, including timelines and obligations for the manufacturer or distributor.