61:24:03:05Contents of consignment

contract. 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 (the owner); (2) The name and address of the consignee (the dealer or auctioneer); (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.