32-7B-2. License required--Exceptions--Violation as misdemeanor.
123 words·~1 min read·
/sd/title-32/chapter-32-7/32-7b-2A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
No person may engage in the business of selling, or may offer to sell, display, act as a broker, or advertise the sale of new or used boats, without a license as provided in this chapter. Any violation of this section is a Class 2 misdemeanor. Any subsequent violation that occurs within two years from any violation of this section is a Class 1 misdemeanor. The licensing requirements of this section do not apply to any regulated lenders as that term is defined in § 54-3-14 , any insurance company authorized to do business in this state, or any financing institution as defined in and licensed pursuant to chapter 54-4 that acquires new or used boats as an incident to its regular business.