Sec. 503.037.  RIGHTS OF WHOLESALE MOTOR VEHICLE AUCTION.  (a)  A person who holds a wholesale motor vehicle auction general distinguishing number may accept on consignment one or more motor vehicles to auction.  The person may offer a motor vehicle for sale only at the location for which the general distinguishing number is issued and only by bid to the highest bidder.  The title to a motor vehicle may be in the name in which the general distinguishing number is issued.
(b)  Except as provided by Subsection (d), a person who holds a wholesale motor vehicle auction general distinguishing number may not sell a motor vehicle to a person other than a person who:
(1)  is a dealer;  or
(2)  has a license and, if applicable, a bond issued by the appropriate authority of another state or nation.
(c)  A person who holds a wholesale motor vehicle auction general distinguishing number may not allow another person to use the auction's facilities or general distinguishing number to sell or auction a motor vehicle.
(d)  Subsection (b) does not prohibit a person who holds a wholesale motor vehicle auction general distinguishing number from offering for sale a motor vehicle to a person who is not a dealer or who does not have a license issued by the appropriate authority of another state, if the motor vehicle is owned by:
(1)  this state or a department, agency, or subdivision of this state;  or
(2)  the United States.
Acts 1995, 74th Leg., ch. 165, Sec. 1, eff. Sept. 1, 1995.  Amended by Acts 1997, 75th Leg., ch. 165, Sec. 30.70(a), eff. Sept. 1, 1997.