HARRY HUGHES, Governor

2601

manufacturer and assigned to the dealer by the second-stage
manufacturer.

(c) (1) Transfers of new completed vehicles by dealers
shall be made as provided in this subsection.

(2)  Each dealer who holds a new completed vehicle for
sale shall have a franchise in this State for the particular make
of at least one stage of that vehicle.

(3)  If the dealer's franchise is for the make of only
the first stage of the completed vehicle, the dealer may transfer
the vehicle, without obtaining a certificate of title, by
executing an assignment and warranty of title accompanied by the
certificates of origin issued by the first-stage manufacturer and
the second-stage manufacturer.

(4)  If the dealer's franchise is for the make of only
the second stage of the completed vehicle, the dealer may
transfer the vehicle, without obtaining a certificate of title,
by executing an assignment and warranty of title accompanied by
the certificates of origin issued by the first-stage manufacturer
and the second-stage manufacturer, if the certificate of origin
issued by the first-stage manufacturer is assigned to the
second-stage manufacturer.

(5) A DEALER SHALL INCLUDE IN A CONTRACT FOR SALE OF
A COMPLETED VEHICLE A NOTICE IN WRITING OF THE MODEL AND YEAR OF:

(I) THE FIRST STAGE; AND

(II) THE SECOND STAGE.

(5) A DEALER SHALL INCLUDE IN A CONTRACT FOR SALE OF
A COMPLETED VEHICLE A NOTICE IN WRITING OF:

(I) THE MAKE AND YEAR OF THE FIRST STAGE; AND

(II) THE MAKE, MODEL, AND YEAR OF THE SECOND
STAGE.

SECTION 2. AND BE IT FURTHER ENACTED, That this Act shall
take effect July 1, 1986.

Approved May 27, 1986.