If a dealer buys or acquires a used large boat for resale, the dealer may apply for and obtain a certificate of title as provided in §§ 32-3A-20 and 32-3A-21. If a dealer buys or acquires a used unnumbered large boat, the dealer shall apply for a certificate of title in the dealer's name within forty-five days. If a dealer buys or acquires a new large boat for resale, the dealer may apply for a certificate of title in the dealer's name.

Source: SL 1991, ch 362 , § 5; SL 1994, ch 335 , § 31; SDCL § 42-8-73; SL 2015, ch 156 , § 7.