A consignee or an auctioneer may not sell a boat 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. A consignee or an auctioneer may not release the proceeds from the sale of a boat with a lien on the title until the lienholder signs a release of the lien. A violation of this section is a Class 2 misdemeanor.
S.D. Codified Laws § 32-7B-29
Auction of boat covered by lien--Consent and release of lien holder--Violation as misdemeanor
Source: SL 1998, ch 185, § 29.
Official source: South Dakota Legislature. Reproduced from public-domain South Dakota statutes; confirm against the official source for the current text. Not legal advice.