South Dakota § 53-12-42 Requirements for creation, storage, and assignment of transferable record--Authoritative copy.

South Dakota Statutes

§ 53-12-42 — Requirements for creation, storage, and assignment of transferable record--Authoritative copy.

South Dakota § 53-12-42

Title 53CONTRACTS

Ch. 53-12ELECTRONIC TRANSACTIONS

This text of South Dakota § 53-12-42 (Requirements for creation, storage, and assignment of transferable record--Authoritative copy.) 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 § 53-12-42 (2026).

Text

A system satisfies § 53-12-41 , and a person is deemed to have control of a transferable record, if the transferable record is created, stored, and assigned in such a manner that:

(1)A single authoritative copy of the transferable record exists that is unique, identifiable, and, except as otherwise provided in subdivisions (4), (5), and (6) of this section, unalterable;

(2)The authoritative copy identifies the person asserting control as:

(a)The person to which the transferable record was issued; or (b) If the authoritative copy indicates that the transferable record has been transferred, the person to which the transferable record was most recently transferred;

(3)The authoritative copy is communicated to and maintained by the person asserting control or its designated

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A system satisfies § 53-12-41 , and a person is deemed to have control of a transferable record, if the transferable record is created, stored, and assigned in such a manner that: (1) A single authoritative copy of the transferable record exists that is unique, identifiable, and, except as otherwise provided in subdivisions (4), (5), and (6) of this section, unalterable; (2) The authoritative copy identifies the person asserting control as: (a) The person to which the transferable record was issued; or (b) If the authoritative copy indicates that the transferable record has been transferred, the person to which the transferable record was most recently transferred; (3) The authoritative copy is communicated to and maintained by the person asserting control or its designated custodian; (4) Copies or revisions that add or change an identified assignee of the authoritative copy can be made only with the consent of the person asserting control; (5) Each copy of the authoritative copy and any copy of a copy is readily identifiable as a copy that is not the authoritative copy; and (6) Any revision of the authoritative copy is readily identifiable as authorized or unauthorized.