Tex. Transportation Code § 503.039
This is the official text of Tex. Transportation Code § 503.039, part of Texas’s Transportation Code — governs vehicles, drivers, and roadways.
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§ 503.039. PUBLIC MOTOR VEHICLE AUCTIONS.
Official statutory text
(a) A motor vehicle may not be the subject of a subsequent sale at a public auction by a holder of a dealer's general distinguishing number unless equitable or legal title has passed to the selling dealer before the transfer of title to the subsequent buyer.
(b) The holder of a dealer's general distinguishing number who sells a motor vehicle at a public auction must transfer the certificate of title for that vehicle to the buyer before the 21st day after the date of the sale.
(b) The holder of a dealer's general distinguishing number who sells a motor vehicle at a public auction must transfer the certificate of title for that vehicle to the buyer before the 21st day after the date of the sale.
Status: in_force · Read it on the official government site
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