50-12-4. Dealer's license as applicable to aircraft in stock.
During such times as any aircraft is held by a licensed dealer for sale, exchange, delivery, test, or demonstration purposes, and solely as stock in trade of the dealer's business, an aircraft dealer's certificate may be used in said aircraft in lieu of any registration certificate, or sales, excise or other state tax as required by the laws of this state.
Source: SDC 1939, §2.0704 as enacted by SL 1966, ch 1, §9.
Structure South Dakota Codified Laws
Section 50-12-2 - Aircraft dealer's license--Application--Contents.
Section 50-12-3 - Issuance of license--Display--Violation as misdemeanor.
Section 50-12-3.1 - Place of business--Branch office or subagency.
Section 50-12-4 - Dealer's license as applicable to aircraft in stock.
Section 50-12-5 - Permissible uses of dealer's certificate--Violation as misdemeanor.
Section 50-12-9 - Registration of aircraft under §§ 50-11-12 and 50-11-19.
Section 50-12-13 - Expiration of license and commercial use stamp.
Section 50-12-14 - Dealer's license--Renewal--Requirements--Appeal--Fees.
Section 50-12-16 - Refusal, suspension, or revocation of dealer's license--Grounds.
Section 50-12-17 - Hearing on revocation, suspension, or nonrenewal--Notice of hearing--Appeal.