Bill > HB1451

This bill, titled the Mississippi Motor Vehicle Commission Law, brings forward and makes current two sections of existing Mississippi law, specifically Sections 63-17-75 and 63-17-109, for the purpose of potential amendments. Section 63-17-75 outlines the requirements for obtaining a motor vehicle dealer license, including application procedures, financial standing, business integrity, established place of business, and the necessity of a franchise agreement with a manufacturer for new vehicle dealers, as well as requiring a surety bond and motor vehicle liability insurance. It also generally prohibits manufacturers or distributors from owning or operating dealerships that sell the same type of vehicles they manufacture or distribute. Section 63-17-109 addresses the right of first refusal for manufacturers or distributors when a dealership is sold or transferred, detailing the conditions under which this right can be exercised, exceptions for family members or qualified managers, and provisions for the reimbursement of expenses incurred by the proposed buyer. The bill also clarifies certain situations where manufacturers or distributors may own or operate dealerships, such as temporary transitions, bona fide partnerships with independent investors, or ownership of a single dealership selling only plug-in electric vehicles under specific conditions.

Business and Industry

https://billstatus.ls.state.ms.us/2026/pdf/history/HB/HB1451.xml