South Dakota Statutes
§ 57A-3-201 — Negotiation.
South Dakota § 57A-3-201
This text of South Dakota § 57A-3-201 (Negotiation.) 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-3-201 (2026).
Text
(a)"Negotiation" means a transfer of possession, whether voluntary or involuntary, of an instrument by a person other than the issuer to a person who thereby becomes its holder.
(b)Except for negotiation by a remitter, if an instrument is payable to an identified person, negotiation requires transfer of possession of the instrument and its indorsement by the holder. If an instrument is payable to bearer, it may be negotiated by transfer of possession alone.
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Related
Brown County Cooperative Ass'n v. Rasmussen-King Cattle Co.
300 N.W.2d 265 (South Dakota Supreme Court, 1980)
Legislative History
SL 1994, ch 367, § 3-201.
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.Cite This Page — Counsel Stack
Bluebook (online)
South Dakota § 57A-3-201, Counsel Stack Legal Research, https://law.counselstack.com/statute/sd/57A-3-201.