36-13-10 Title plant required to engage in business.
Title plant required to engage in business.
Any person engaging in or continuing
the business of abstracting of titles to property within the state shall have a title plant, which shall
include a set of abstract books or set of indexes or other records showing in a sufficiently
comprehensive form, all instruments affecting the title to real estate which are of record or on file
in the office of the register of deeds of each county in which the person seeks to engage in the
business of compiling abstracts of land titles. The board shall examine each title plant for compliance
with this section. The board shall establish, by rules promulgated pursuant to chapter 1-26, a fee for
plant examinations not to exceed six hundred dollars. The application for a plant examination shall
contain such information as the board may require and be upon a form prepared by the board. The
board shall notify the applicant of a date and place for the examination of the applicant's plant. If the
applicant is not a natural person, one of the members, managers, partners, shareholders, directors,
or officers of the applicant must qualify by examination. The board shall issue a certificate of
registration or compliance if the requirements of this section have been met.
Source: SDC 1939, § 1.0104; SL 1986, ch 302, § 39; SL 2008, ch 195, § 15.