South Dakota Codified Laws 32-6B-20.4. Time period to satisfy lien after receipt of funds–Offering vehicle for sale prior to tender to lienholder
Current as of: 2023 | Check for updates
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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.
Terms Used In South Dakota Codified Laws 32-6B-20.4
- Lien: A claim against real or personal property in satisfaction of a debt.
Source: SL 2005, ch 159, § 5.