NORTH CAROLINA GENERAL ASSEMBLY

1963 SESSION

 

 

CHAPTER 1190

HOUSE BILL 1291

 

 

AN ACT TO AMEND G.S. 20-64 AUTHORIZING TRANSFER OF REGISTRATION PLATES BETWEEN CORPORATIONS AND THEIR WHOLLY OWNED SUBSIDIARIES.

 

The General Assembly of North Carolina do enact:

 

Section 1.  G.S. 20-64, subsection (a), as the same appears in the 1961 Cumulative Supplement to Recompiled Volume 1C of the General Statutes of North Carolina, is hereby amended by adding at the end of said subsection (a) the following:

"Provided, however, that upon compliance with the requirements of this Section, the registration plates of vehicles owned by and registered in the name of a corporation may be transferred and assigned to a like vehicle category within the meaning of G.S. 20-87 and G.S. 20-88, upon the showing that the vehicle to which the transfer and assignment is to be made is owned by a corporation which is a wholly owned subsidiary of the corporation applying for such transfer and assignment."

Sec. 2.  All laws and clauses of laws in conflict with this Act are hereby repealed.

Sec. 3.  This Act shall be in full force and effect on and after July 1, 1963.

In the General Assembly read three times and ratified, this the 25th day of June, 1963.