Statutes, codes, and regulations
Washington Administrative Code
Title 308 - Licensing, Department of (See also Titles 36, 98 and 196)
Chapter 308-90 - Vessel dealer registration
Section 308-90-130 - Consignment

Wash. Admin. Code § 308-90-130

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Current through Register Vol. 24-12, June 15, 2024
Section 308-90-130 - Consignment

How do I handle consignment sales?

(1) All funds received from purchasers, including deposits, payments, or proceeds from the sale of trade-in vessels on a consignment sale, shall be placed in the vessel dealers trust account as required in RCW 88.02.220, and those funds shall remain in such trust account until the consignor's and the legal owner's interest, if any, have been fully satisfied.
(2) If the sale of a consigned vessel is a retail sale the vessel dealer is required to transfer title as required by RCW 88.02.125.

Wash. Admin. Code § 308-90-130

Statutory Authority: RCW 88.02.100. 02-05-073, § 308-90-130, filed 2/20/02, effective 3/23/02; 96-24-042, § 308-90-130, filed 11/27/96, effective 12/28/96. Statutory Authority: 1987 c 149 § 1. 88-03-038 (Order DLR-162), § 308-90-130, filed 1/19/88.