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§47-591.8.


§47-591.8.
   
   A. An automotive dismantler and parts recycler, duly licensed by this
   act, shall have the authority to transfer the certificate of title to
   a motor vehicle as a dealer. Prior to the sale of any motor vehicles
   at salvage pools or salvage disposal sales, a salvage title or junked
   title shall be issued for any salvage or junked vehicle as defined in
   Section 1105 of this title.
   
   B. Any and all certificates of title, whether original, salvage,
   rebuilt, or junked titles, salvage certificates, other certificates of
   ownership, or ownership records, as approved by the Oklahoma Tax
   Commission, to vehicles owned by a licensed automotive dismantler and
   parts recycler, which vehicles have been dismantled, destroyed, or
   otherwise processed so that the vehicles are no longer capable of
   being used as motor vehicles, shall be inspected by properly
   identified employees or agents of the Oklahoma Used Motor Vehicle and
   Parts Commission, at least annually, at the place of business of the
   licensed automotive dismantler and parts recycler. Upon verification
   that the vehicle is no longer capable of being used as a motor
   vehicle, the employee or agent of the Commission shall remove the
   license plate and the certificate of title, salvage certificate, other
   certificate of ownership or ownership record from the licensed
   automotive dismantler and parts recycler. The Commission shall destroy
   the license plate and deliver the certificates and ownership records
   to the Oklahoma Tax Commission.
   
   C. Each licensed automotive dismantler and parts recycler that
   dismantles, destroys, or otherwise processes vehicles so that the
   vehicles are no longer capable of being used as motor vehicles, each
   month, shall report the vehicle identification numbers of the vehicles
   to the Oklahoma Tax Commission, upon forms prescribed by the Oklahoma
   Tax Commission. The report shall include any vehicle which is a hull,
   junked, abandoned or not a complete, self-propelling vehicle, if there
   is a vehicle identification number for the incomplete vehicle. The
   Oklahoma Tax Commission shall cancel said certificates of title. The
   vehicle identification numbers on the certificates of titles, salvage
   titles, other certificates of ownership or ownership records to motor
   vehicles no longer capable of being used as motor vehicles shall be
   preserved in the computer files of the Oklahoma Tax Commission for at
   least five (5) years from the date the certificates of title are
   delivered by the Commission to the Oklahoma Tax Commission.
   
   D. Each vehicle or incomplete vehicle required to be reported to the
   Oklahoma Tax Commission by this section shall be reported on or before
   the fifteenth day of the next succeeding month after the month in
   which the vehicle or incomplete vehicle was received by the licensed
   automotive dismantler and parts recycler. Each vehicle or incomplete
   vehicle, which is incapable of operation or use on the public roads or
   has no resale value except as a source of parts, scrap or junk or has
   an eighty percent (80%) loss in fair market value, possessed by a
   licensed automotive dismantler and parts recycler on the effective
   date of this act shall be reported to the Oklahoma Tax Commission
   within ninety (90) days. The vehicle identification numbers on all
   reported vehicles shall be preserved in the computer of the Oklahoma
   Tax Commission for at least five (5) years, even if the ownership
   records may have been previously destroyed or surrendered to the
   Oklahoma Tax Commission.
   
   E. If the vehicle identification number for a vehicle, which is
   incapable of operation or use on the public roads and has no resale
   value except as a source of parts, scrap or junk or has an eighty
   percent (80%) loss in fair market value, is not reported to the
   Oklahoma Tax Commission, the licensed automotive dismantler and parts
   recycler shall be required to obtain a junked title for said vehicle.
   An Oklahoma licensed automotive dismantler and parts recycler shall
   not be required to obtain a junked title for a junked vehicle or any
   other vehicle which is dismantled, destroyed or otherwise processed so
   that the vehicle is no longer capable of being operated or used on the
   public roads, if the vehicle is reported to the Oklahoma Tax
   Commission.
   

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