Part 8 — Consignment Sales, Mobile Homes and Motor Fuel
55 Consignment sales
regulations if
(a) the agreement is between an individual and another person
in which the person agrees to sell goods of the individual on
consignment, and
(b) the agreement falls within a class of agreement specified in
the regulations.
(2) Every person referred to in subsection (1) who agrees to sell
goods of an individual must ensure that the agreement meets the
requirements of the regulations.
(3) The Minister may make regulations
(a) specifying the classes of a greements to which this section
applies;
(b) setting out the terms that are deemed to be contained in o ne
or more classes of agreements to which this section applies;
(c) respecting the requirements that agreements to which this
section applies must meet;
(d) respecting the rights and remedies of the individual refer red
to in subsection (1) if the terms of the agreement are not
met;
(e) requiring the person who agrees to sell goods of an
individual to deposit money that the person receives from
the sale of the goods into a trust account in the situations
described in the regulations;
(f) respecting the trust account referred to in clause (e),
including where the trust account may be established and
maintained and when the money must be deposited;
(g) respecting who is entitled to the money in the trust accou nt
referred to in clause (e), the duties and responsibilities of the
trustee, the disbursement of funds from the trust account and
what happens if the person entitled to the money in the trust
account cannot be located;
RSA 2000
(h) respecting the records to b e kept respecting the trust account
referred to in clause (e), the period of time that those records
are to be maintained and the audit of the trust account.
1998 cF-1.05 s55