US Laws, Codes, Statutes & Cases

     32-7B-26.   Consignment sales--Contract required--Form. Any boat dealer or public auction may sell, or offer to sell, new, or used boats on consignment. For the purposes of this chapter, consignment means the delivery of a boat 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 boat or has a right to return the boat to the seller. Any boat dealer or public auction who sells, or offers to sell, South Dakota titled boats on consignment shall enter into a contract with the consignor. The department shall prescribe the form of the contract.

Source: SL 1998, ch 185, § 26.