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MOTOR VEHICLE DEALERS ACT 1973 - SECT 32C
32C . Dealer
selling on consignment to have trust account
A dealer shall not
accept a vehicle for sale under a consignment agreement unless the dealer has
open with a prescribed financial institution at least one account designated
as a trust account.
Penalty: $5 000.
[Section 32C inserted: No. 4 of 2002 s. 57.]
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