South Dakota § 57A-12-102 Definitions.

South Dakota Statutes

§ 57A-12-102 — Definitions.

South Dakota § 57A-12-102

Title 57AUNIFORM COMMERCIAL CODE

Ch. 57A-11EFFECTIVE DATE AND TRANSITION PROVISIONS FOR 1983 AMENDMENTS

This text of South Dakota § 57A-12-102 (Definitions.) 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 § 57A-12-102 (2026).

Text

(a)In this chapter:

(1)"Controllable electronic record" means a record stored in an electronic medium that can be subjected to control under § 57A-12-105 . The term does not include a controllable account, a controllable payment intangible, a deposit account, an electronic copy of a record evidencing chattel paper, an electronic document of title, electronic money, investment property, or a transferable record.

(2)"Qualifying purchaser" means a purchaser of a controllable electronic record or an interest in a controllable electronic record that obtains control of the controllable electronic record for value, in good faith, and without notice of a claim of a property right in the controllable electronic record.

(3)"Transferable record" has the meaning provided for that term in:

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(a) In this chapter: (1) "Controllable electronic record" means a record stored in an electronic medium that can be subjected to control under § 57A-12-105 . The term does not include a controllable account, a controllable payment intangible, a deposit account, an electronic copy of a record evidencing chattel paper, an electronic document of title, electronic money, investment property, or a transferable record. (2) "Qualifying purchaser" means a purchaser of a controllable electronic record or an interest in a controllable electronic record that obtains control of the controllable electronic record for value, in good faith, and without notice of a claim of a property right in the controllable electronic record. (3) "Transferable record" has the meaning provided for that term in: (A) Section 201(a)(1) of the Electronic Signatures in Global and National Commerce Act, 15 U.S.C. § 7021(a)(1), as amended and in effect January 1, 2024; or (B) As defined in § 53-12-40 . (4) "Value" has the meaning provided in § 57A-3-303 (a), as if references in that subsection to an "instrument" were references to a controllable account, controllable electronic record, or controllable payment intangible. (b) The definitions in chapter 57A-9 of "account debtor," "controllable account," "controllable payment intangible," "chattel paper," "deposit account," "electronic money," and "investment property" apply to this chapter. (c) Chapter 57A-1 contains general definitions and principles of construction and interpretation applicable throughout this chapter.