Time for filing application for certificate--Vehicles in dealer's stock

In any transfer of a motor vehicle, trailer, or semitrailer, the application for certificate of title shall be filed within forty-five days after the date of assignment of such motor vehicle, trailer, or semitrailer. However, licensed dealers need not apply for a certificate of title for any motor vehicle, trailer, or semitrailer in stock or acquired for stock purposes. Upon transfer of such a vehicle the licensed dealer shall give the transferee a reassignment of the certificate of title on such motor vehicle, trailer, or semitrailer or an assignment of a manufacturer's statement of origin or a manufacturer's certificate of origin. Source: SDC 1939, § 44.0202 (8) as added by SL 1951, ch 229 , § 2; SL 1955, ch 161 ; SL 1965, ch 186 , § 2; SL 1989, ch 257 , § 28; SL 1990, ch 228 , § 2; SL 2015, ch 156 , § 3. 32-3-26.1. Repealed by SL 2005, ch 155 , § 1.