South Dakota § 57A-9-106 Control of security, security settlement, or commodity contract.

South Dakota Statutes

§ 57A-9-106 — Control of security, security settlement, or commodity contract.

South Dakota § 57A-9-106

Title 57AUNIFORM COMMERCIAL CODE

Ch. 57A-6SECURED TRANSACTIONS

This text of South Dakota § 57A-9-106 (Control of security, security settlement, or commodity contract.) 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-9-106 (2026).

Text

(a)A person has control of a certificated security, uncertificated security, or security entitlement as provided in § 57A-8-106 .

(b)A secured party has control of a commodity contract if:

(1)The secured party is the commodity intermediary with which the commodity contract is carried; or (2) The commodity customer, secured party, and commodity intermediary have agreed that the commodity intermediary will apply any value distributed on account of the commodity contract as directed by the secured party without further consent by the commodity customer.

(c)A secured party having control of all security entitlements or commodity contracts carried in a securities account or commodity account has control over the securities account or commodity account.

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(a) A person has control of a certificated security, uncertificated security, or security entitlement as provided in § 57A-8-106 . (b) A secured party has control of a commodity contract if: (1) The secured party is the commodity intermediary with which the commodity contract is carried; or (2) The commodity customer, secured party, and commodity intermediary have agreed that the commodity intermediary will apply any value distributed on account of the commodity contract as directed by the secured party without further consent by the commodity customer. (c) A secured party having control of all security entitlements or commodity contracts carried in a securities account or commodity account has control over the securities account or commodity account.