Form 4070a for Raleigh North Carolina 2005-2025

Form 4070a for Raleigh North Carolina: What You Should Know

A) Vehicles that are registered and required to be registered in or registered out of North Carolina are referred to as vehicles in North Carolina and vehicles that are not registered in North Carolina but are not required to be registered out of North Carolina are referred to as vehicles outside North Carolina. This agreement may apply to any such vehicles regardless of whether they are owned, operated, or maintained by the same or any other person. (b) This agreement applies exclusively to vehicles registered, operated, or maintained by a person other than the operator of that vehicle. This agreement requires the registration of the vehicle and the registration of the vehicle equipment and for the vehicle to be exempt from annual registration fees under section 13-80(d) of this title. This agreement does not apply to any vehicle registered in a foreign state. (d) This agreement does not apply to any vehicle leased by a person in the employment of that vehicle, but only for that person's own private purpose. This agreement will be issued to a dealer, a salesperson or other person engaged in the business of purchasing or leasing motor vehicles or for the purpose of leasing motor vehicles, if no longer in the business, if the dealer is not already registered to sell vehicles in this State. This agreement shall not be issued to a non-dealer, an owner-operator, a dealer for whom a registration does not already exist for the purchaser or lessee of any motor vehicle, nor to anyone engaged in the business of leasing, selling, or purchasing motor vehicles. This agreement is issued in the name of the State of North Carolina. This agreement is valid for a period of 1 year. If the agreement has been in effect 1 year or longer, it is automatically renewable by legislative act. This agreement may be renewed every year by legislative act. (e) If the agreement has been in effect more than one year, it terminates on the date of the following general election after which the agreement has no further effect. (f) In the event that there is a general election, the agreement continues in effect until the general election is called or a successor agreement is entered into before the expiration date. This agreement or successor agreement may be altered or amended by legislative act.

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