3904                                                     VETOES

(i) A person who during any 12-month period
[sells] OFFERS TO SELL five or more of these vehicles, the
ownership of which was acquired for resale purposes; and

(ii) For the purposes of §§ 15-301 through
15-315, inclusive, of this title, any person who sells vehicles,
whether or not that person acquired the vehicles for personal or
business use, if the vehicles are displayed at a fixed location
used principally for the purpose of selling vehicles on a regular
basis.

(3) "Dealer" does not include:

(i) A public official who sells or disposes of
vehicles in the performance of his official duties;

(ii) An insurance company, finance company,
bank, or other lending institution licensed or otherwise
authorized to do business in this State that, to save it from
loss, sells or disposes of vehicles under a contractual right and
in the regular course of its business;

(iii) A licensed auctioneer acting on behalf of
a seller, secured party or owner and where title does not pass to
the auctioneer and the auction is not for the purpose of avoiding
the provisions of this title;

(iv) A receiver, trustee, personal
representative, or other person appointed by or acting under the
authority of any court;

(v) Either a manufacturer or distributor who
sells or distributes vehicles to licensed dealers or a person
employed by a manufacturer or distributor to promote the sale of
the vehicles of the manufacturer or distributor, if that
manufacturer, distributor, or person does not sell vehicles to
retail buyers;

(vi) A person who sells or disposes of vehicles
acquired and used for personal or business use and not for the
purpose of avoiding the provisions of this title, if that person
is not engaged in buying, selling, or exchanging vehicles as a
business; or

(vii) An automotive dismantler and recycler who
during the normal course of his business acquires a salvage
vehicle or vehicles and sells those vehicles on a salvage
certificate. The automotive dismantler and recycler will be
limited to rebuilding 5 vehicles pursuant to this section.

SECTION 2. AND BE IT FURTHER ENACTED, That this Act shall
take effect July 1, 1985.