64:28:03:09Titling vehicles in both business and personal

names of licensed automobile dealer. An application for a vehicle title submitted in the names of both a vehicle dealership and the dealer is not entitled to any of the exemptions granted to a licensed automobile dealer under SDCL chapter 32-5B. The dealer must apply for title, pay vehicle excise tax, and license the vehicle to obtain title to it in the dealer's personal name.

Source: 17 SDR 4, effective July 18, 1990.