§ 13-623. Special registration plates for financial institutions

   (a) "Financial institution" defined. -- In this section, "financial institution" means:

   (1) Any bank that is authorized to do business in this State; and

   (2) Any other financial institution that is licensed to do business in this State by the Commissioner of Financial Regulation.

(b) Who may obtain. -- Any financial institution may apply to the Administration for the issuance of as many special, finance company registration plates as the Administration authorizes.

(c) Operation of vehicles with special plates. -- A financial institution may drive, under any one finance company registration plate issued to it, any vehicle repossessed by or on behalf of the financial institution:

   (1) From the place of its repossession to a place of storage;

   (2) From one place of storage to another;

   (3) To or from a business for its repair; or

   (4) To or from a place for its inspection.

HISTORY: An. Code 1957, art. 66 1/2, § 3-601.1; 1977, ch. 14, § 2; 1978, ch. 345; 1996, ch. 326, § 2.