32-7B-9.1. Offer to sell, sale, or exchange of boat without certificate of title allowed under specified circumstances.
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/sd/title-32/chapter-32-7/32-7b-9-1A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
A dealer may offer for sale, sell, or exchange a boat without a certificate of title if the dealer complies with the following applicable provisions:
(1)The dealer has a record of purchase, sale, or exchange of a boat to include the satisfaction of any outstanding liens or encumbrances and a secured power of attorney;
(2)If the boat is encumbered by a lien noted on the title, the dealer shows that payment has been tendered to the lienholder for the amount of the lien, except a lien that is the result of dealer inventory financing; or
(3)If the dealer is required by law to obtain title prior to offering the boat for sale and the dealer has applied for title through the electronic on-line title system and has submitted the documents to the department.
This section does not relieve a dealer from the provisions of § 32-3-7 .