Relating to possessory liens on motor vehicles that auction company stores; and declaring an emergency.

Provides that auction company has lien on motor vehicle that auction company possesses and stored on premises that auction company owns or controls. Permits auction company to title motor vehicle in name of auction company if motor vehicle remains unclaimed on auction company's premises for more than 30 days, in name of insurer that directed auction company to take possession of motor vehicle or in name of nonprofit organization that directed auction company to take possession of motor vehicle. Declares emergency, effective on passage.