Conn. Gen. Stat. § 14-58a: Issuance of new car dealer license to person, firm or corporation engaged in business of merchandizing new electric low-speed vehicles prior to July 1, 2025.

(a) Notwithstanding the provisions of section 14-54 or subsection (a) of section 14-58, the Commissioner of Motor Vehicles may issue a new car dealer license to any person, firm or corporation who has been engaged in the business of merchandizing new electric low-speed vehicles under a manufacturer's or importer's contract for each such make of vehicle prior to July 1, 2025, and who may, incidental to such business, sell used electric low-speed vehicles and repair electric low-speed vehicles. Any such person, firm or corporation shall conduct such business in accordance with the provisions of section 14-52a.

(b) Any such person, firm or corporation shall apply for such new car dealer license on a form prescribed by the commissioner. Notwithstanding the provisions of subsection (a) of section 14-52, the fee for the issuance or renewal of any such license shall be three hundred forty dollars. Each such license shall be renewed biennially. Not less than forty-five days prior to the date of expiration of each such license, the commissioner shall send or transmit to each licensee, in a manner determined by the commissioner, an application for renewal. Any licensee which has not filed the application for renewal accompanied by the prescribed fee prior to the date of expiration of its license shall cease to engage in business. An application for renewal filed with the commissioner after the date of expiration shall be accompanied by a late fee of one hundred dollars. The commissioner shall not renew any license under this subsection which has expired for more than forty-five days.

(c) Notwithstanding the provisions of subsection (b) of section 14-52, each applicant for a license issued pursuant to the provisions of this section shall furnish a surety bond in the amount of twenty-five thousand dollars. Such bond shall be conditioned upon the applicant complying with the provisions of any state or federal law or regulation relating to the conduct of such business and provided as indemnity for any loss sustained by any customer by reason of any acts of the licensee constituting grounds for suspension or revocation of the license or such licensee going out of business. Each surety bond shall be executed in the name of the state of Connecticut for the benefit of any aggrieved customer, but the penalty of the bond shall not be invoked except upon order of the Commissioner of Motor Vehicles after a hearing held before said commissioner in accordance with the provisions of chapter 54. For purposes of this subsection, “customer” does not include (1) any person, firm or corporation that finances a licensed dealer's motor vehicle inventory, or (2) any licensed dealer, in such person's capacity as a dealer, who buys motor vehicles from, or sells motor vehicles to, another licensed dealer.

(d) If a change in the officers or directors of a corporation engaged in the business of merchandizing new electric low-speed vehicles occurs, such corporation shall file a notice of such change with the commissioner not later than fifteen days after the date of such change. The commissioner may, after notice and hearing in accordance with the provisions of chapter 54, suspend the license of any corporation if the commissioner finds the newly appointed or elected officers or directors cannot be considered as qualified to conduct the business in accordance with the requirements of section 14-52a.

(e) Any license issued pursuant to the provisions of this section is not transferable and shall be revoked by, and surrendered to, the Commissioner of Motor Vehicles upon the sale, transfer or conveyance of the licensee's business.