Bill > SB149

This bill proposes to amend South Dakota Codified Law 43-45-2 to add a new exemption to the list of property that is protected from legal seizure, meaning creditors cannot take it to satisfy a debt. Specifically, it would exempt one motor vehicle owned by a debtor, provided its value does not exceed $5,000 after accounting for any outstanding loans or liens on the vehicle. This exemption is in addition to existing exemptions for items like family pictures, religious and burial plots, family books, clothing, necessary provisions and fuel for a year, certain tax-related judgments, health aids, and court-ordered domestic support payments. The intent is to ensure debtors can retain a basic means of transportation, up to a certain value, even when facing financial difficulties.

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https://sdlegislature.gov/#/Session/Bill/26955