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TO AMEND SECTION 56-15-540 OF THE 1976 CODE, RELATING TO WHOLESALE MOTOR VEHICLE AUCTIONS, TO PROVIDE THAT A PERSON MAY PURCHASE OR SELL MOTOR VEHICLES AT A WHOLESALE MOTOR VEHICLE AUCTION ONCE EVERY TWELVE MONTHS.
Be it enacted by the General Assembly of the State of South Carolina:
SECTION 1. Section 56-15-540 of the 1976 Code is amended to read:
"Section 56-15-540. A motor vehicle dealer licensed by this or another jurisdiction may purchase or sell motor vehicles at a wholesale motor vehicle auction. A person may purchase or sell motor vehicles at a wholesale motor vehicle auction if once every twelve months, unless otherwise required by an agency of government or by law."
SECTION 2. This act takes effect upon approval by the Governor.
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