Section 32-3-32 - Dealer's acceptance of out-of-state certificates--Trade-ins--Power ofattorney.

32-3-32. Dealer's acceptance of out-of-state certificates--Trade-ins--Power of attorney. Notwithstanding §§ 32-3-30 and 32-3-31, dealers licensed under chapter 32-6B may accept and transfer out-of-state certificates or muniments of title for motor vehicles, trailers, or semitrailers taken as a trade-in on a new motor vehicle, trailer, or semitrailer or on another used motor vehicle, trailer, or semitrailer if they obtain from the transferor a written power of attorney authorizing them to complete such transfer or assignment, and keep a record thereof.

Source: SL 1955, ch 193, § 1; SDC Supp 1960, § 44.0203-1; SL 1965, ch 186, § 4; SL 1989, ch 257, § 34.