Expiration of license and commercial use stamp

The aircraft dealer's license as provided by § 50-12-3 expires on the thirty-first day of January of the second year next succeeding the calendar year in which it was issued. The commercial use stamps as provided by § 50-12-8 expire twenty-four months after they are issued, if a valid dealer's license is in effect. The commercial use stamp expires automatically if the aircraft dealer's license expires or the aircraft dealer no longer holds a valid aircraft dealer's license. Source: SDC 1939, § 2.0707 as enacted by SL 1966, ch 1 , § 9; SL 1980, ch 330 , § 8; SL 2010, ch 227 , § 92; SL 2019, ch 203 , § 48.