South Dakota § 57A-13-302 Security interest perfected before effective date.

South Dakota Statutes

§ 57A-13-302 — Security interest perfected before effective date.

South Dakota § 57A-13-302

Title 57AUNIFORM COMMERCIAL CODE

Ch. 57A-11TRANSITIONAL PROVISIONS FOR UNIFORM COMMERCIAL CODE AMENDMENTS (2022)

This text of South Dakota § 57A-13-302 (Security interest perfected before effective date.) 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-13-302 (2026).

Text

(a)A security interest that is enforceable and perfected immediately before July 1, 2024, is a perfected security interest under SL 2024, ch 198 if, on July 1, 2024, the requirements for enforceability and perfection under SL 2024, ch 198 are satisfied without further action.

(b)If a security interest is enforceable and perfected immediately before July 1, 2024, but the requirements for enforceability or perfection under SL 2024, ch 198 are not satisfied on July 1, 2024, the security interest:

(1)Is a perfected security interest until the earlier of the time perfection would have ceased under the law in effect immediately before July 1, 2024, or the adjustment date;

(2)Remains enforceable thereafter only if the security interest satisfies the requirements for enforceability under

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(a) A security interest that is enforceable and perfected immediately before July 1, 2024, is a perfected security interest under SL 2024, ch 198 if, on July 1, 2024, the requirements for enforceability and perfection under SL 2024, ch 198 are satisfied without further action. (b) If a security interest is enforceable and perfected immediately before July 1, 2024, but the requirements for enforceability or perfection under SL 2024, ch 198 are not satisfied on July 1, 2024, the security interest: (1) Is a perfected security interest until the earlier of the time perfection would have ceased under the law in effect immediately before July 1, 2024, or the adjustment date; (2) Remains enforceable thereafter only if the security interest satisfies the requirements for enforceability under § 57A-9-203 , as amended by SL 2024, ch 198, before the adjustment date; and (3) Remains perfected thereafter only if the requirements for perfection under SL 2024, ch 198 are satisfied before the time specified in paragraph (1).