Section 32-6C-5.1 - Sale on consignment--Contract required--Form. - South Dakota Statutes

32-6C-5.1. Sale on consignment--Contract required--Form. Any snowmobile dealer or public auction may sell, or offer to sell, new or used snowmobiles on consignment. For the purposes of this chapter, consignment means the delivery of a snowmobile 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 snowmobile or has a right to return the snowmobile to the seller. Any snowmobile dealer or public auction who sells, or offers to sell, a South Dakota titled snowmobile on consignment shall enter into a contract with the consignor. The department shall prescribe the form of the contract.

Source: SL 2005, ch 163, § 1.