South Dakota Statutes
§ 47-9A-6 — Encumbrance taken for security exempt.
South Dakota § 47-9A-6
This text of South Dakota § 47-9A-6 (Encumbrance taken for security exempt.) is published on Counsel Stack Legal Research, covering South Dakota primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Bluebook
S.D. Codified Laws § 47-9A-6 (2026).
Text
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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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Repealed§ 47-1-3
Repealed§ 47-10-1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
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Bluebook (online)
South Dakota § 47-9A-6, Counsel Stack Legal Research, https://law.counselstack.com/statute/sd/47-9A-6.