If a dealer buys or acquires a used large boat for resale, the dealer may apply for and obtain a certificate of title as provided in §§ 32-3A-20 and 32-3A-21. If a dealer buys or acquires a used unnumbered large boat, the dealer shall apply for a certificate of title in the dealer's name within forty-five days. If a dealer buys or acquires a new large boat for resale, the dealer may apply for a certificate of title in the dealer's name.
SDCL 32-3A-22