If a consignment dealer closes while holding your boat, you remain the legal owner and have the right to retrieve it. Contact an attorney immediately if the dealer is uncooperative — this situation can become complicated if the dealer has liens against their assets that encumber items on their lot. Before signing any consignment agreement, verify the dealer is established and reputable, and keep copies of all signed documents proving your ownership.
What happens to my boat if the consignment dealer closes?
