South Dakota Statutes
§ 54-6A-3 — Agreements exempt from other laws.
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.
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South Dakota § 54-6A-3 (Agreements exempt from other laws.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
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.