Section 50-11-23 - Application by transferee for certificate of registration-- Violation as misdemeanoror felony--Time endorsed certificate becomes void.
50-11-23. Application by transferee for certificate of registration-- Violation as misdemeanor or felony--Time endorsed certificate becomes void. The purchaser or transferee described by § 50-11-22 shall, within thirty days, apply to the department for the transfer of the registration of the aircraft to the purchaser's or transferee's name and the issuance of a new certificate of registration. Failure to make the change of registration within the time required by this section is a Class 2 misdemeanor. A person who makes a false statement of a material fact in the application is guilty of a Class 5 felony.
The endorsed certificate of registration is void thirty days after the date of the sale or transfer of such aircraft.
The department shall file the application and upon determining that the applicant has paid the fee and is entitled thereto, shall transfer the registration to the applicant's name and issue the applicant a new certificate of registration. The fee for the transfer of registration is five dollars.
Source: SDC 1939, § 2.0409 as enacted by SL 1949, ch 4, § 2; SL 1966, ch 1, § 6; SL 1983, ch 15, § 195; SL 1993, ch 348, § 18; SL 2010, ch 227, § 80.