The fee for registering any theretofore unregistered aircraft purchased on or after July first of any year shall be one–half the amount prescribed by § 50-11-12 and, as to such aircraft purchased on or after October first of any year, one–fourth of such prescribed amount.

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Source: SDC 1939, § 2.0407 (2) as enacted by SL 1949, ch 4, § 2.