South Dakota Statutes
§ 47-9A-6 — Encumbrance taken for security exempt.
The restrictions provided in §§ 47-9A-1 and 47-9A-3 do not apply to a bona fide encumbrance taken for purposes of security.
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South Dakota § 47-9A-6 (Encumbrance taken for security exempt.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Related
South Dakota Farm Bureau, Inc. v. Hazeltine
202 F. Supp. 2d 1020 (D. South Dakota, 2002)
Allegheny Corp. v. Richardson, Inc.
463 N.W.2d 678 (South Dakota Supreme Court, 1990)
Legislative History
SL 1974, ch 294, § 4 (1); SL 2004, ch 277, § 4.
Nearby Sections
15
§ 47-1-1
Repealed§ 47-1-3
Repealed§ 47-10-1
Purposes of corporations.§ 47-10-10
Incorporators.§ 47-10-11
Directors--Number and term of office.§ 47-10-13
Accumulation of surplus--Use of surplus.§ 47-10-14
Persons authorized to hold common stock.§ 47-10-18
Nonstockholder members--Duty to lend.§ 47-10-2
Powers of corporations.