Section 50-12-14 - Renewal of dealer's license--Verification of aircraft sold--Fees. - South Dakota Statutes

50-12-14. Renewal of dealer's license--Verification of aircraft sold--Fees. Each licensed dealer on or before February first of the second year shall make application for the renewal of the dealer's license. The dealer shall verify having sold or brokered at least six aircraft within the past twenty-four calendar months. However, any dealer not meeting the requirements of this section may appeal to the commission for renewal of a dealer's license if the dealer can demonstrate reasonable cause for not meeting those requirements. The fee for the renewal of license is the same as that required for an original license. Upon failure to make application for the renewal of the license, and to pay the renewal fee on or before the first day of February of the second year, an additional fee of ten dollars per month, or any fraction thereof, is required before the license shall be issued.
A former dealer may make an application for an original aircraft dealer's license after thirty-six months from the expiration date of the dealer's license.

Source: SDC 1939, § 2.0708 as enacted by SL 1966, ch 1, § 9; SL 1980, ch 330, § 9; SL 1993, ch 349, § 4; SL 2010, ch 227, § 93.