Home/South Dakota/Statutes/Title 53: CONTRACTS/Ch. 53-12: ELECTRONIC TRANSACTIONS/§ 53-12-40
South Dakota Statutes

§ 53-12-40 — "Transferable record" defined.

South Dakota § 53-12-40
JurisdictionSouth Dakota
Title 53CONTRACTS
Ch. 53-12ELECTRONIC TRANSACTIONS

This text of South Dakota § 53-12-40 ("Transferable record" defined.) 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 § 53-12-40 (2026).

Text

For purposes of this chapter, the term, transferable record, means an electronic record that:

(1)Would be a note under Article 3 of the Uniform Commercial Code or a document under Article 7 of the Uniform Commercial Code if the electronic record were in writing; and (2) The issuer of the electronic record expressly has agreed is a transferable record.

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Legislative History

SL 2000, ch 225, § 40.

Nearby Sections

15
§ 53-1-1
Contract defined.
§ 53-1-2
Essential elements of contract.
§ 53-1-3
Contracts, express or implied--Express contract defined--Implied contract defined.
§ 53-1-4
Law and usage of place of performance, application to contracts.
§ 53-10-1
Executed contract distinguished from executory contract.
§ 53-10-2
Time of performance of contract not specified--Allowance of reasonable time--Instant action.
§ 53-10-3
Time as essence of the contract.
§ 53-11-1
Extinguishment of contracts--Methods.
§ 53-11-2
Rescission by party to contract--Grounds.
§ 53-11-3
Rescission not effected by consent--Accomplishment by use of diligence to comply with rules governing rescission.
§ 53-11-4
Prompt action by party rescinding on discovery of duress, undue influence, or disability.
§ 53-11-5
Restoration of everything of value by party rescinding.
§ 53-11-6
Extinction by destruction or cancellation of contract or signatures by consent.
§ 53-11-7
Extinction by intentional destruction, cancellation or alteration of contract--Alteration or destruction of duplicate, not to prejudice.
§ 53-12-1
Definition of terms.
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Bluebook (online)
South Dakota § 53-12-40, Counsel Stack Legal Research, https://law.counselstack.com/statute/sd/53-12-40.