Section 32-3-26 - Time for filing application for certificate--Vehicles in dealer's stock.
32-3-26. Time for filing application for certificate--Vehicles in dealer's stock. In any transfer of a motor vehicle, trailer, or semitrailer, the application for certificate of title shall be filed within thirty days after the date of assignment of such motor vehicle, trailer, or semitrailer. However, licensed dealers need not apply for a certificate of title for any motor vehicle, trailer, or semitrailer in stock or acquired for stock purposes. Upon transfer of such a vehicle the licensed dealer shall give the transferee a reassignment of the certificate of title on such motor vehicle, trailer, or semitrailer or an assignment of a manufacturer's statement of origin or a manufacturer's certificate of origin.
Source: SDC 1939, § 44.0202 (8) as added by SL 1951, ch 229, § 2; SL 1955, ch 161; SL 1965, ch 186, § 2; SL 1989, ch 257, § 28; SL 1990, ch 228, § 2.