36-13-10. Title plant required to engage in business.
206 words·~1 min read·
/sd/title-36/chapter-36-13/36-13-10A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Any person engaging in or continuing the business of abstracting of titles to property within the state shall have a title plant, which shall include a set of abstract books or set of indexes or other records showing in a sufficiently comprehensive form, all instruments affecting the title to real estate which are of record or on file in the office of the register of deeds of each county in which the person seeks to engage in the business of compiling abstracts of land titles.
The board shall examine each title plant for compliance with this section. The board shall establish, by rules promulgated pursuant to chapter 1-26 , a fee for plant examinations not to exceed six hundred dollars. The application for a plant examination shall contain such information as the board may require and be upon a form prepared by the board. The board shall notify the applicant of a date and place for the examination of the applicant's plant. If the applicant is not a natural person, one of the members, managers, partners, shareholders, directors, or officers of the applicant must qualify by examination.
The board shall issue a certificate of registration or compliance if the requirements of this section have been met.