Current Status Bill Number:93 Type of Legislation:General Bill GB Introducing Body:Senate Introduced Date:19950110 Primary Sponsor:McConnell All Sponsors:McConnell Drafted Document Number:DKA\3470CM.95 Residing Body:Senate Current Committee:Transportation Committee 15 ST Subject:Financial institution agents, regulation of dealers
Body Date Action Description Com Leg Involved
______ ________ _______________________________________ _______ ____________
Senate 19950110 Introduced, read first time, 15 ST
referred to Committee
Senate 19941003 Prefiled, referred to Committee 15 ST
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TO AMEND SECTION 56-15-10, AS AMENDED, CODE OF LAWS OF SOUTH CAROLINA, 1976, RELATING TO DEFINITIONS FOR THE REGULATION OF MANUFACTURERS, DISTRIBUTORS, AND DEALERS, SO AS TO EXCLUDE AGENTS AND SERVANTS OF FINANCIAL INSTITUTIONS.
Be it enacted by the General Assembly of the State of South Carolina:
SECTION 1. Section 56-15-10(h)(5) of the 1976 Code is amended to read:
"(5) finance companies, or other financial institutions, or their agents or servants who sell repossessed motor vehicles and insurance companies who sell motor vehicles they own as an incident to payments made under policies of insurance."
SECTION 2. This act takes effect upon approval by the Governor.