32-5B-3 — Dealer's inventory exempt--Filing required.
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32-5B-3.
Dealer's inventory exempt--Filing required.
Any used, licensed motor vehicle which
is in the inventory of a motor vehicle dealer on May 31, 1985, is exempt from the provisions of § 32-
5B-1. However, to qualify for this exemption, each motor vehicle dealer shall file on or before June
3, 1985, with the Department of Revenue and Regulation and the county treasurer, a verified list of
used, licensed motor vehicles on inventory.
Source: SL 1985, ch 241, § 3A; SL 2004, ch 17, § 77.