Section 32-3-61 - Auction of vehicle covered by lien--Consent and release of lien holder--Violation as misdemeanor. - South Dakota Statutes

32-3-61. Auction of vehicle covered by lien--Consent and release of lien holder--Violation as misdemeanor. An auctioneer may not sell a vehicle 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. An auctioneer may not release the proceeds from the sale of a vehicle with a lien on the title until the lien holder signs a release of the lien. A violation of this section is a Class 2 misdemeanor.

Source: SL 1986, ch 27, § 15; SL 1989, ch 255, § 5.