Salvage auction definition

Salvage auction means a person or entity whose primary
Salvage auction means the wholesale exchange or sale of
Salvage auction means a person or entity whose primary business is the sale of motor vehicles for which insurance companies have made payment of damages on total loss claims.

Examples of Salvage auction in a sentence

  • Salvage auction buyer’s identification cards shall be issued by the department on a form prescribed by the department and shall contain at a minimum.

  • Vehicle identification number;(B) Name and address of the seller and buyer of the motor vehicle; and(C) Salvage auction buyer's identification card number.(3) The register shall be made available for inspection by law enforcement officers of the state, county, or municipality during regular business hours on business days atthe salvage auction’s business location.

  • Odometer disclosure statement – The Maryland Certificate of Salvage, auction receipt, or bill of sale may be used to declare the vehicle’s odometer reading.


More Definitions of Salvage auction

Salvage auction means an auto auction that provides for the wholesale exchange or sale of wrecked, salvaged, damaged, or water-damaged motor vehicles using an auction format;

Related to Salvage auction

  • E-Auction Process /”E-Auction” shall mean the electronic auction process for sale of the Company conducted in accordance with the provisions of IBC, Liquidation Process Regulations, Applicable Law(s) and this E- Auction Process Information Document inviting Bid from the Bidders for consummating the sale of Company on going concern basis in accordance with the provisions of IBC and Liquidation Process Regulations;

  • Auction shall have the meaning specified in Section 2.1 hereof.