Section 50-12-2 - Application for aircraft dealer's license--Contents.
50-12-2. Application for aircraft dealer's license--Contents. Any person desiring to sell or solicit as a dealer the sale of aircraft within South Dakota shall apply for an aircraft dealer's license to the department. For the original application such person shall possess one or more aircraft under normal registration. Such application shall be made in writing on a form furnished by the commission and shall contain the following information:
(1) The name under which the new or used aircraft dealer's business shall be conducted and the address of the dealer is established as the place of business;
(2) The resident address of each owner, director, or principal officer of such aircraft dealer. If the applicant is a foreign corporation, the application shall designate the state wherein such corporation was incorporated, and shall set forth the post office address of the registered office and registered agent of such corporation in South Dakota. In addition, evidence shall be furnished showing that the foreign corporation has been granted authority to do business in South Dakota by the secretary of state. If the applicant is a foreign person or partnership, the application shall set forth the permanent business address in such foreign state;
(3) A statement of whether the applicant will deal in new aircraft, used aircraft, or both. If the applicant is to sell or offer for sale new aircraft, the applicant shall list the make or makes of aircraft so to be sold, and the name of the manufacturer or distributor with whom the applicant is franchised;
(4) Whether the applicant has previously been an aircraft dealer in South Dakota, and if so, the number of aircraft the applicant has sold within a period of twenty-four months preceding the date of the application.
Source: SDC 1939, § 2.0702 as enacted by SL 1966, ch 1, § 9; SL 1980, ch 330, § 2; SL 2010, ch 227, § 84.