32-6C-6.2. Agreement that dealer will satisfy lien by paying lienholder--Trade of snowmobile or consignment agreement--Theft.
If a person trades in a snowmobile to a dealer or enters into a consignment agreement with a dealer whereby the dealer will sell the snowmobile and the snowmobile has a lien noted on the title, the dealer and person may agree that the dealer shall satisfy the lien amount by paying the lienholder who is noted on the title. Failure to satisfy a lien pursuant to this section constitutes theft pursuant to chapter 22-30A. The degree of theft is determined by the amount of the unsatisfied lien. Multiple violations of this section occurring within any thirty-day period may be aggregated in amount to determine the degree of theft.
Source: SL 2005, ch 159, §8.
Structure South Dakota Codified Laws
Chapter 06C - Regulation Of Snowmobile Dealers
Section 32-6C-1 - "Snowmobile dealer" defined.
Section 32-6C-2 - License required--Exceptions--Violation as misdemeanor.
Section 32-6C-3 - Application required--Contents.
Section 32-6C-4.1 - Increase in dealer bond amount--Implementation.
Section 32-6C-5 - Dealer license--Fee--Renewal--Disposition of fees.
Section 32-6C-5.1 - Sale on consignment--Contract required--Form.
Section 32-6C-5.2 - Sale on consignment prohibited for snowmobile without statement of origin.
Section 32-6C-6 - Books, records, and files to be kept--Inspection.
Section 32-6C-7 - Issuance of dealer plates--Fees--Disposition of fees--Numbering of plates.
Section 32-6C-7.1 - Mailing fees.
Section 32-6C-8 - Use of dealer plates--Display--Transfer of plates--Violation as misdemeanor.
Section 32-6C-11 - Dealer inspectors.
Section 32-6C-12 - Investigation of dealers.
Section 32-6C-14.1 - Cease and desist order for specified violations--Period of effectiveness.
Section 32-6C-14.2 - Hearing on question of whether violations occurred--Procedures.
Section 32-6C-14.3 - Finality of cease and desist order.
Section 32-6C-14.5 - Hearing to contest order to pay fine or suspend or revoke license--Procedures.
Section 32-6C-14.6 - Finality of order to pay fine or suspend or revoke license.
Section 32-6C-17 - Adoption of rules--Administration by local officials.