32-10-19. Refund of power unit fee no longer in use--Amount of refund. If a power unit operating under the provisions of this chapter is taken out of service for any reason or if ownership of such power unit has been or is transferred to another owner, or is transferred out of the State of South Dakota, upon surrender of the license plate assigned to such power unit, the administrator shall refund that portion of the fee paid which represents the unused portion of the licensing period for such power unit less a five dollar administrative fee which shall be credited to the state motor vehicle fund. The license plate shall be in the possession of the administrator, on or before the fifth day of the month, to receive credit for that month.
Source: SL 1961, ch 237, § 29 as added by SL 1967, ch 209, § 1; SL 1977, ch 249, § 49; SL 1978, ch 224, § 9; SL 1990, ch 230, § 11.
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