Contents of consignment contract.
Effective Jul 1, 201535 SDR 48Source: 24 SDR 31, effective September 17, 1997; 24 SDR 180, effective July 1, 1998; 35 SDR 48, effective September 8, 2008; SL 2015, ch 157, § 22, effective July 1, 2015. | General Authority: SDCL 32-6B-60 , 32-7B-20. | Law Implemented: SDCL 32-6B-3 , 32-6B-20 , 32-6B-37 , 32-7B-26.
The contract required by SDCL chapters 32-6B and 32-7B must contain, at a minimum, the following information:
- (1) The name and address of the consignor (theowner);
- (2) The name and address of the consignee (thedealerorauctioneer);
- (3) The title number, the year, the make, and the serial number or hull identification number of the vehicle or boat;
- (4) If applicable, the completed odometer disclosure;
- (5) The agreed upon price or range;
- (6) The agreed-upon amount that the owner is to pay the dealer or auctioneer;
- (7) The length of time the vehicle or boat will be with the dealer or auctioneer;
- (8) Disclosure by the dealer or auctioneer that the sale is a consignment sale;
- (9) The signature of the owner and the dealer or auctioneer; and
- (10) If applicable, the lienholder's information.
Source: 24 SDR 31, effective September 17, 1997; 24 SDR 180, effective July 1, 1998; 35 SDR 48, effective September 8, 2008; SL 2015, ch 157, § 22, effective July 1, 2015.
General Authority: SDCL 32-6B-60 , 32-7B-20.
Law Implemented: SDCL 32-6B-3 , 32-6B-20 , 32-6B-37 , 32-7B-26.
Prior versions effective: 2008-09-08.