32-6C-6.3. Time period to satisfy lien after receipt of funds--Offering snowmobile for sale prior to tender to lienholder.
If a dealer enters into an agreement pursuant to §32-6C-6.1, the dealer shall satisfy the lien within ten business days after the receipt of funds. No dealer may offer the snowmobile for sale until payment has been tendered to the lienholder, except on a consigned snowmobile, whereby the dealer shall comply with the terms of the consignment agreement.
Source: SL 2005, ch 159, §9.
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.