South Dakota Statutes
§ 54-6A-3 — Agreements exempt from other laws.
South Dakota § 54-6A-3
JurisdictionSouth Dakota
Title 54DEBTOR AND CREDITOR
Ch. 54-6ALEASE-PURCHASE AGREEMENTS FOR PERSONAL PROPERTY
This text of South Dakota § 54-6A-3 (Agreements exempt from other laws.) 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 § 54-6A-3 (2026).
Text
Lease - purchase agreements which comply with this chapter are not subject to the laws relating to:
(1)A consumer transaction in chapter 54-3A ;
(2)A security interest defined in § 57A-1-201 ; or (3) A lease in chapter 57A-2A . This chapter does not apply to the following:
(1)Lease - purchase agreements primarily for business, commercial, or agricultural purposes, or those made with governmental agencies or instrumentalities or with organizations;
(2)A lease of a safe deposit box;
(3)A lease or bailment of personal property which is incidental to the lease of real property, and which provides that the consumer has no option to purchase the leased property; or (4) A lease of a motor vehicle.
Free access — add to your briefcase to read the full text and ask questions with AI
Legislative History
SL 1991, ch 393, § 3.
Nearby Sections
15
§ 54-1-2
Loan of money defined.§ 54-1-6
"Open account" defined.§ 54-1-7
Open account--Interest rates.§ 54-1-9
"Securitization" defined.§ 54-10-1
Definition of terms.§ 54-10-10
Value of security, determination by liquidator's sale of assets--Order of sale, requirements.§ 54-10-13
Uniformity of interpretation of chapter.Cite This Page — Counsel Stack
Bluebook (online)
South Dakota § 54-6A-3, Counsel Stack Legal Research, https://law.counselstack.com/statute/sd/54-6A-3.