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Senate Bill 0307


Senate Bill 0307

ARCHIVE (2008)

Latest Information

 

DIGEST OF SB307 (Updated March 4, 2008 2:25 pm - DI 84)


Various business matters. Permits the disclosure of Social Security numbers for purposes of administration of the Uniform Commercial Code by the secretary of state. Codifies a memorandum of understanding between the secretary of state and the bureau of motor vehicles (BMV) to transfer responsibilities under: (1) IC 9-18-26 (dealer license plates); (2) IC 9-22-4 (licensing of vehicle salvaging); and (3) IC 9-31-4 (boat dealer licenses); from the BMV to the secretary of state. Amends the review procedures for a person denied a license to engage in: (1) vehicle salvaging; (2) the business of buying or selling motor vehicles; or (3) the business of selling boats. Establishes the dealer compliance account and deposits certain license and permit fees collected by the secretary of state in the account. Appropriates money in the account to the secretary of state for the purposes of the account. Provides that the secretary of state (rather than the BMV) retains fees for: (1) boat dealers licenses; and (2) changes of business names or locations for boat dealers. Provides that a boat dealer license is valid for one year. (Current law provides that the license is valid for two years.) Eliminates the filing fee for designation or change of resident agent. Reduces fees for electronic filings with the secretary of state. Makes conforming amendments.
    Current Status:
     Law Enacted
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