Definition of manufactured and mobile home dealer's inventory

64:04:01:26. Definition of manufactured and mobile home dealer's inventory. For the purposes of SDCL 10-4-2.4 , 10-9-2 , and 10-21-39 , a manufactured or mobile home, as defined in SDCL subdivisions 32-3-1(6) and (8), is in a dealer's inventory if the South Dakota title has been reassigned to the dealer and the home is located on the dealer's lot. A dealer's lot means its principal place of business, as defined in SDCL 32-7A-2, its auxiliary lot, as defined in SDCL subdivision 32-7A-1(1), its supplemental lot, as defined in SDCL subdivision 32-7A-1(6), or its temporary supplemental lot, as defined in SDCL subdivision 32-7A-1(7). A manufactured or mobile home on consignment to the dealer is not considered to be in the dealer's inventory.
A manufactured or mobile home is not considered to be in the dealer's inventory if the home is being rented, leased, or occupied as a residence, regardless of how it is titled.