Statutes, codes, and regulations
South Dakota Codified Laws
Title 32 - MOTOR VEHICLES
Chapter 6B - REGULATION OF VEHICLE DEALERS
Section 32-6B-20.4 - Time period to satisfy lien after receipt of funds-Offering vehicle for sale prior to tender to lienholder

S.D. Codified Laws § 32-6B-20.4

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Current through the 2024 Legislative Session
Section 32-6B-20.4 - Time period to satisfy lien after receipt of funds-Offering vehicle for sale prior to tender to lienholder

If a dealer enters into an agreement pursuant to § 32-6B-20.3, the dealer shall satisfy the lien within ten business days after the receipt of funds. No dealer may offer the vehicle for sale until payment has been tendered to the lienholder, except on a consigned vehicle, whereby the dealer shall comply with the terms of the consignment agreement.

SDCL 32-6B-20.4

SL 2005, ch 159, §5.