Section 32-6B-3 - Sale on consignment--Contract required--Form. - South Dakota Statutes

32-6B-3. Sale on consignment--Contract required--Form. Any dealer or public auction may sell, or offer to sell, new or used vehicles on consignment. For the purposes of this chapter, consignment means the delivery of a vehicle by the owner into the possession of another without transfer of title for the purpose of sale or where there is any condition that the purchaser does not have an absolute obligation to pay for the vehicle or has a right to return the vehicle to the seller. Any dealer or public auction who sells, or offers to sell, South Dakota titled vehicles on consignment shall enter into a contract with the consignor. The department shall prescribe the form of the contract.

Source: SL 1986, ch 250, § 3; SL 1989, ch 257, § 110; SL 1997, ch 182, § 11; SL 2005, ch 163, § 3.