2011 South Dakota Code
Title 32 MOTOR VEHICLES
Chapter 03A. Title, Registration And Taxation Of Boats
§32-3A-30 Security interest in large boat--Perfecting interest--Fee.


SD Codified L § 32-3A-30 (through 2011) What's This?

32-3A-30. Security interest in large boat--Perfecting interest--Fee. A security interest created in this state in a large boat, and as defined by §§ 32-3A-20 to 32-3A-23, inclusive, and §§ 32-3A-24 to 32-3A-32, inclusive, on and after March 1, 1992, is not perfected until the security interest is noted on the certificate of title. On or after July 1, 1993, a security interest created in this state on a large boat, as defined in § 42-8-2, exclusive of a motorboat is not perfected until the security interest is noted on the certificate of title. On or after July 1, 1994, a security interest created in this state on a large boat, as defined in § 42-8-2, is not perfected until the security interest is noted on the manufacturer's statement of origin, on the manufacturer's certificate of origin, or on the certificate of title. To perfect the security interest, a copy of the security agreement shall be presented along with the manufacturer's statement of origin, the manufacturer's certificate of origin, or the original title. The secretary of revenue, an agent of the secretary, the county treasurer, the register of deeds, or the seller, buyer, owner, or holder of the manufacturer's statement of origin, the manufacturer's certificate of origin, or the certificate of title shall note the security interest at any place on the manufacturer's statement of origin, the manufacturer's certificate of origin, or the certificate of title. If so noted, the lien is perfected against the creditors of the debtor, is valid against the creditors of the debtor, whether armed with process or not, and subsequent purchasers and other lien holders or claimants, but otherwise is not valid against them. The fee for noting the lien is five dollars. The fees shall be credited to the county general fund. The certificate of title shall be presented to the county treasurer if a lien is to be noted on an existing certificate of title.

The owner shall present the certificate of title to the county treasurer when a release statement is filed.

Source: SL 1991, ch 362, § 15; SL 1993, ch 322, § 28; SL 1994, ch 335, § 38; SL 1997, ch 180, § 2; SDCL 42-8-82; SL 1998, ch 171, § 2; SL 2003, ch 160, § 15.

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