California Vehicle Code 266 – A “consignment” is an arrangement under which a dealer agrees to …
Current as of: 2024 | Check for updates
|
Other versions
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.)
Terms Used In California Vehicle Code 266
- Dealer: is a person not otherwise expressly excluded by Section 286 who:
California Vehicle Code 285
- owner: is a person having all the incidents of ownership, including the legal title of a vehicle whether or not such person lends, rents, or creates a security interest in the vehicle. See California Vehicle Code 460
- vehicle: is a device by which any person or property may be propelled, moved, or drawn upon a highway, excepting a device moved exclusively by human power or used exclusively upon stationary rails or tracks. See California Vehicle Code 670