(a)(1)(A) A collector who has assembled a vehicle meeting the specifications of this subchapter from parts obtained from a variety of different sources and at various different times shall be issued a title upon furnishing a bill or bills of sale for the components.(B) In cases when that evidence by itself is deemed inadequate, the collector shall execute an affidavit in verification.(2) To be considered adequate, bills of sale shall be notarized and shall indicate the source of the engine and body and shall list the identification or serial number of the engine and body for the chassis, if applicable.(b) A person who purchases an assembled vehicle from a collector who has not obtained a title to the assembled vehicle as provided in subsection (a) of this section shall be issued a title to the vehicle only if the purchaser of the vehicle follows the process under § 27-14-409(c)(1). For the purposes of this subsection, the amount of the bond shall be an amount equal to the value of the vehicle as determined by the Office of Motor Vehicle.Acts 1975, No. 334, § 4; A.S.A. 1947, § 75-201.13; Acts 2005, No. 2202, § 2; 2011, No. 826, § 1. (a)(1)(A) A collector who has assembled a vehicle meeting the specifications of this subchapter from parts obtained from a variety of different sources and at various different times shall be issued a title upon furnishing a bill or bills of sale for the components.(B) In cases when that evidence by itself is deemed inadequate, the collector shall execute an affidavit in verification.(2) To be considered adequate, bills of sale shall be notarized and shall indicate the source of the engine and body and shall list the identification or serial number of the engine and body for the chassis, if applicable.(b) A person who purchases an assembled vehicle from a collector who has not obtained a title to the assembled vehicle as provided in subsection (a) of this section shall be issued a title to the vehicle only if the purchaser of the vehicle follows the process under § 27-14-409(c)(1). For the purposes of this subsection, the amount of the bond shall be an amount equal to the value of the vehicle as determined by the Office of Motor Vehicle.Acts 1975, No. 334, § 4; A.S.A. 1947, § 75-201.13; Acts 2005, No. 2202, § 2; 2011, No. 826, § 1.
Arkansas Legal Code