142.Owners of the following road vehicles are exempted from the payment of the fees provided for in the first paragraph of section 31.1 of the Highway Safety Code (chapter C-24.2), on condition that the vehicles are not operated on a highway:
(1) discarded vehicles;
(2) vehicles taken back from its long-term lesses by the lessor;
(3) vehicles acquired through repossession;
(4) vehicles acquired by an insurer from his policyholder following a declaration of total loss or the theft of such vehicles;
(5) vehicles in the possession of a bankruptcy trustee.