32-5B-3. Dealer's inventory exempt--Filing required.
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/sd/title-32/chapter-32-5/32-5b-3A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Any used, licensed motor vehicle which is in the inventory of a motor vehicle dealer on May 31, 1985, is exempt from the provisions of § 32-5B-1 . However, to qualify for this exemption, each motor vehicle dealer shall file on or before June 3, 1985, with the Department of Revenue and the county treasurer, a verified list of used, licensed motor vehicles on inventory.