Section 50-12-1 - Definitions. - South Dakota Statutes

50-12-1. Definitions. Terms used in this chapter mean:
(1) "Aircraft dealer," any person, manufacturer, or distributor engaged in the business of buying, selling, exchanging, or acting as a broker of three or more aircraft in any twelve consecutive months except for a business liquidation of used aircraft;
(2) "Commercial purpose," the use in aviation activities such as flight instruction, charter, air taxi, and rental use but does not authorize substitution of the commercial use stamp in lieu of regular aircraft registration for the promotion of nonaviation business or other purposes;
(3) "Place of business," a permanent enclosed building or structure either owned in fee or leased, at which a permanent business of bartering, trading, and selling of aircraft will be carried on as such in good faith and not for the purpose of evading this chapter or chapter 50-11. The business name and telephone listing shall indicate it is an aircraft or aviation related business. It does not mean residents, tents, temporary stands or other temporary quarters. The building or structure shall be used primarily as a place of business for the sale or commercial use of aircraft.

Source: SDC 1939, § 2.0701 as enacted by SL 1966, ch 1, § 9; SL 1980, ch 330, § 1; SL 1993, ch 349, § 1.