Section 259:5-a Auto Wholesale Dealer.

""Auto wholesale dealer'' shall mean any person with an established place of business, who is exclusively engaged in the business of purchasing vehicles requiring registration for use upon a way, for resale to a retail or wholesale dealer. For the purposes of this definition, ""exclusively engaged'' shall mean the retail sale of less than 5 motor vehicles in any state in any 12-month period.

Source. 1997, 179:1, eff. Jan. 1, 1998.