BLAIR LEE III, Acting Governor

2259

[(c) This section does not prohibit an unlicensed
person from transporting a vehicle to a licensed wrecker or
a licensed scrap processor for dismantling, destroying, or
scrapping.]

(C) A PERSON MAY NOT SOLICIT, ADVERTISE FOR, OR

ENGAGE N THE BUSINESS OF TOWING, REMOVING, OR PURCHASING

ABANDONED VEHICLES OR VEHICLES WHICH ARE TO BE SCRAPPED,

DISMANTLED, OR DESTROYED IN WHOLE OR PART UNLESS HE IS A

LICENSED WRECKER OR SCRAP PROCESSOR.

15-508.

Within 30 days after a wrecker acquires TITLE TO a
vehicle, the wrecker shall notify the Administration of the
acquisition. The notice shall be given in the form that the
Administration requires. IMMEDIATELY AFTER GIVING THE
REQUIRED NOTICE THE WRECKER MAY DISMANTLE, DISPOSE OF, OR

SCRAP THE VEHICLE DISPOSE OF THE VEHICLE FOR DISMANTLING OR

SCRAPPING.

15-513.

(A) A wrecker may not store vehicles at his place of
business at a density or more than 250 vehicles for any one

acre.

(B) THIS SECTION DOES NOT APPLY TO VEHICLES THAT HAVE
BEEN DESTROYED BY CRUSHING OR OTHER MEANS AND MADE READY FOR
SHIPMENT TO A SCRAP PROCESSOR.

SECTION 2. AND BE IT FURTHER ENACTED, That this Act
shall take effect July 1, 1978.

Approved May 16, 1978.

CHAPTER 773

(House Bill 2025)

AN ACT concerning

Life Insurance Policy Loans

FOR the purpose of increasing the amount of interest with a
certain condition; an insurance company may charge on
certain loans; and clarifying language.

FOR the purpose of authorizing the Insurance Commissioners
to approve, under certain circumstances, the amount of

interest an insurance company may charge on certain

loans; and clarifying language.