A verified statement as described in § 37-11-1 shall be similarly filed upon any change of twenty-five percent or more of the ownership interest in the business. A fee of ten dollars shall be paid with each filing under this section. The fee shall be deposited into the financing statement and annual report filing fee fund.

Source: SDC 1939, § 49.0801; SL 1974, ch 55 , § 39; SL 1975, ch 242 , § 2; SL 1999, ch 33 , § 3; SL 2004, ch 256 , § 2; SL 2016, ch 2 , § 10.