32-3-49 — Cancellation of certificate--Notification to county treasurer--Notificationto certificate holder and lien holder--Surrender of certificate.
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32-3-49.
Cancellation of certificate--Notification to county treasurer--Notification to
certificate holder and lien holder--Surrender of certificate.
Upon cancellation of any certificate of
title, the secretary shall notify the county treasurer of the county where the duplicate certificate of
title of the vehicle, trailer, or semitrailer is involved was kept. The treasurer shall thereupon enter
the cancellation upon the treasurer's records. The secretary shall also notify the person to whom the
certificate of title was issued as well as any lien holder appearing thereon of the cancellation and
shall demand the surrender of the certificate of title. However, the cancellation may not affect the
validity of any lien noted thereon. The holder of the certificate shall return same to the secretary
forthwith.
Source: SDC 1939, § 44.0208 (1) as added by SL 1951, ch 229, § 4; SL 1965, ch 186, § 7; SL 1989, ch 257, § 43; SL 2003, ch 160, § 10.