Section 32-3-35 - Manufacturer's statement or certificate of origin pending issuance of certificate of title--Priority of liens

32-3-35. Manufacturer's statement or certificate of origin pending issuance of certificate of title--Priority of liens.A manufacturer's statement of origin or manufacturer's certificate of origin shall be deemed to be in possession of the lien holder while being transmitted to the secretary and until issuance of a certificate of title by the secretary showing the lien. All contracts, liens, mortgages, and encumbrances, noted on a certificate of title, shall take priority according to the order of time in which the liens were noted. Source: SDC 1939, §44.0203 (1) as added by SL 1951, ch 229, §3; SL 1965, ch 186, §3; SL 1989, ch 257, §36.