Section 32-7B-29 - Auction of boat covered by lien--Consent and release of lien holder--Violation asmisdemeanor. - South-dakota Statutes

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32-7B-29. Auction of boat covered by lien--Consent and release of lien holder--Violation as misdemeanor. A consignee or an auctioneer may not sell a boat that has a certificate of title with a lien on it for less than the full amount of the lien, without the advance written consent of the lien holder. A consignee or an auctioneer may not release the proceeds from the sale of a boat with a lien on the title until the lienholder signs a release of the lien. A violation of this section is a Class 2 misdemeanor.

Source: SL 1998, ch 185, § 29.

State Codes and Statutes

Statutes > South-dakota > Title-32 > Chapter-07b > Statute-32-7b-29

32-7B-29. Auction of boat covered by lien--Consent and release of lien holder--Violation as misdemeanor. A consignee or an auctioneer may not sell a boat that has a certificate of title with a lien on it for less than the full amount of the lien, without the advance written consent of the lien holder. A consignee or an auctioneer may not release the proceeds from the sale of a boat with a lien on the title until the lienholder signs a release of the lien. A violation of this section is a Class 2 misdemeanor.

Source: SL 1998, ch 185, § 29.

State Codes and Statutes

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State Codes and Statutes

Statutes > South-dakota > Title-32 > Chapter-07b > Statute-32-7b-29

32-7B-29. Auction of boat covered by lien--Consent and release of lien holder--Violation as misdemeanor. A consignee or an auctioneer may not sell a boat that has a certificate of title with a lien on it for less than the full amount of the lien, without the advance written consent of the lien holder. A consignee or an auctioneer may not release the proceeds from the sale of a boat with a lien on the title until the lienholder signs a release of the lien. A violation of this section is a Class 2 misdemeanor.

Source: SL 1998, ch 185, § 29.