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§ 32-6B-20.2 Offer to sell, sale, or exchange of vehicle without certificate of title allowed under specified circumstances.

SD Codified L § 32-6B-20.2 (2019) (N/A)
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32-6B-20.2. Offer to sell, sale, or exchange of vehicle without certificate of title allowed under specified circumstances. A dealer may offer for sale, sell, or exchange a vehicle without a certificate of title if the dealer complies with the following applicable provisions:

(1) The dealer has a record of purchase, sale, or exchange of a vehicle to include the satisfaction of any outstanding liens or encumbrances and a secured power of attorney;

(2) If the vehicle is encumbered by a lien noted on the title, the dealer shows that payment has been tendered to the lienholder for the amount of the lien, except a lien that is the result of dealer inventory financing; or

(3) If the dealer is required by law to obtain title prior to offering the vehicle for sale and the dealer has applied for title through the electronic on-line title system and has submitted the documents to the department.

This section does not relieve a dealer from the provisions of § 32-3-7.

Source: SL 2005, ch 159, § 3.

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§ 32-6B-20.1 Certificate kept at another dealership or at lending institution--Requirements--Notice.
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§ 32-6B-20.3 Agreement that dealer will satisfy lien by paying lienholder--Trade of vehicle or consignment agreement--Theft.