32-6B-3.3. Consignment or auction of vehicle with lien--Written consent and release by lien holder.
83 words·~1 min read·
/sd/title-32/chapter-32-6/32-6b-3-3·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
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.