South Dakota Codified Laws 32-6B-34. Dealer’s car auction agency–Defined–Applicability of chapter–Additional provisions
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For the purposes of §§ 32-6B-35 to 32-6B-37, inclusive, a dealer’s car auction agency includes any person, firm, limited liability company, corporation, or association engaged in an auction, as defined by chapter 59-8, of vehicles. The sales shall involve only vehicles owned by dealers and sold to dealers. The provisions of this chapter apply to dealers’ car auction agencies and the license issued is subject to the additional provisions set forth in §§ 32-6B-35 to 32-6B-37, inclusive.
Terms Used In South Dakota Codified Laws 32-6B-34
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
- Person: includes natural persons, partnerships, associations, cooperative corporations, limited liability companies, and corporations. See South Dakota Codified Laws 2-14-2
Source: SL 1986, ch 250, § 35; SL 1994, ch 351, § 54.