Consignment or auction of vehicle with lien--Written consent and release by lien holder.

Checkout our iOS App for a better way to browser and research.

32-6B-3.3. Consignment or auction of vehicle with lien--Written consent and release by lien holder.

A consignee or an auctioneer may not sell a motor vehicle that has a certificate of title with a lien on it for less than the full amount of the lien, without the advance written consent of the lien holder. A consignee or an auctioneer may not release the proceeds from the sale of a motor vehicle with a lien on the title until the lien holder signs a release of the lien. A violation of this section is a Class 2 misdemeanor.

Source: SL 1997, ch 182, §14.


Download our app to see the most-to-date content.