32-7B-3. Classification of licenses.

Any dealer's license issued under this chapter shall be of the following classification:

(1)    "Boat dealer's license," to permit the licensee to engage in the business of selling or exchanging new and used boats;

(2)    "Used boat dealer's license," to permit the licensee to engage in the business of selling or exchanging used boats only.

A license issued in any of the above classifications allows a boat dealer to engage in the business of selling or exchanging new and used boat trailers without a separate license or additional fee.

Source: SL 1998, ch 185, § 3.