S.D. Codified Laws § 32-3-51.20

Current through the 2024 Legislative Session

Section 32-3-51.20 - Insurer or self insurer acquiring ownership of salvage vehicle without salvage vehicle title to surrender certificate of title-Salvage title issued-Rebuilt title

If an insurer, in settlement of a total loss insurance claim, or self insurer acquires the ownership of any salvage vehicle as defined in § 32-3-51.19 that does not have a salvage vehicle title, the insurer shall within forty-five days following acquisition of the certificate of title of that vehicle, surrender the certificate of title for the vehicle to the department. The department shall promptly issue a title indicating it is a salvage vehicle to the insurer or self insurer. If a vehicle has been branded a salvage vehicle, nothing in this section prohibits a person from obtaining a rebuilt title pursuant to § 32-3-53.

SDCL 32-3-51.20

SL 2005, ch 155, §3; SL 2016, ch 154, §6.

Amended by S.L. 2016, ch. 154,s. 6, eff. 7/1/2016.