TITLE 49

MOTOR VEHICLES

CHAPTER 16

DEALERS AND SALESMEN LICENSING

49-1636.  Consignment sales. (1) An owner who consigns a vehicle to a vehicle dealer to be offered for sale or exchange on behalf of the owner to a third party purchaser, shall provide the dealer with either the certificate of title to the vehicle along with a power of attorney designating the dealer as an agent of the owner, or a duly executed consignment agreement between the dealer and the owner, along with a copy of the certificate of title of the vehicle being consigned.

(2)  A consignment agreement shall contain at the least, the following:

(a)  The name and current address of the owner of the vehicle as shown on the certificate of title;

(b)  The name and current address of any person holding a lien on the vehicle;

(c)  The name of the consignee;

(d)  A description of the vehicle including the vehicle’s make, model, vehicle identification number and odometer reading; and

(e)  A statement that the owner has appointed the vehicle dealer as his agent for the purpose of offering the vehicle for sale.

History:

[49-1636, added 1991, ch. 272, sec. 19, p. 709.]