Sec. 2. (a) A dealer designee license plate may be displayed only on a motor vehicle in a dealer's inventory.
(b) A person may not:
(1) lend;
(2) lease;
(3) sell;
(4) transfer;
(5) copy;
(6) alter; or
(7) reproduce;
a dealer designee license plate.
(c) A dealer designee license plate may not be used:
(1) on a motor vehicle that is required to be registered under IC 9-18 (before its expiration) or IC 9-18.1;
(2) on a motor vehicle for which a dealer charges and receives compensation from an individual other than an employee of the dealer; or
(3) on a motor vehicle that a dealer leases or rents.