California Law (Last Updated: March 4, 2014)

Section 266.

Latest version.

A "consignment" is an arrangement under which a dealer agrees to accept possession of a vehicle of a type required to be registered under this code from an owner for the purpose of selling the vehicle and to pay the owner or the owner's designee from the proceeds of the sale.

(Amended by Stats. 1991, Ch. 815, Sec. 1.)

                    
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