35 Miss. Code. R. 7-04-01-101
The Department shall only license Mississippi residents as motor vehicle dealers, which includes wholesale dealers. Every licensed dealer, including wholesale dealers, will be a designated agent of the Department. Every licensed dealer, including wholesale dealers, must have a surety bond written by an insurance company qualified to do business in Mississippi in the amount determined by the Department, but in no case will the bond be less than fifteen thousand dollars ($15,000). The permit given to wholesale dealers shall read "Wholesale Only" on the face of the permit.
Notes
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