South Dakota Statutes
§ 57A-13-302 — Security interest perfected before effective date.
South Dakota·Title 57A UNIFORM COMMERCIAL CODE·Ch. 57A-11 TRANSITIONAL PROVISIONS FOR UNIFORM COMMERCIAL CODE AMENDMENTS (2022)
(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
Free access — add to your briefcase to read the full text and ask questions with AI
South Dakota § 57A-13-302 (Security interest perfected before effective date.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
SL 2024, ch 198, § 105.
Nearby Sections
15
§ 57A-1-101
Short title.§ 57A-1-102
Scope of chapter.§ 57A-1-104
Construction against implied repeal.§ 57A-1-105
Severability.§ 57A-1-106
Use of singular and plural--Gender.§ 57A-1-107
Section captions.§ 57A-1-201
General definitions.§ 57A-1-202
Notice--Knowledge.§ 57A-1-203
Lease distinguished from security interest.§ 57A-1-204
Value.§ 57A-1-205
Reasonable time--Seasonableness.§ 57A-1-206
Presumptions.§ 57A-1-207
Central bank digital currency.