South Dakota § 57A-9-110 Provisions governing security interests arising under other sections.

South Dakota Statutes

§ 57A-9-110 — Provisions governing security interests arising under other sections.

South Dakota·Title 57A UNIFORM COMMERCIAL CODE·Ch. 57A-6 SECURED TRANSACTIONS

A security interest arising under § 57A-2-401 , 57A-2-505 , 57A-2-711(3), or 57A-2A-508(5) is subject to this chapter. However, until the debtor obtains possession of the goods:

(1)The security interest is enforceable, even if § 57A-9-203(b)(3) has not been satisfied;

(2)Filing is not required to perfect the security interest;

(3)The rights of the secured party after default by the debtor are governed by chapter 57A-2 or 57A-2A ; and (4) The security interest has priority over a conflicting security interest created by the debtor.

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A security interest arising under § 57A-2-401 , 57A-2-505 , 57A-2-711(3), or 57A-2A-508(5) is subject to this chapter. However, until the debtor obtains possession of the goods: (1) The security interest is enforceable, even if § 57A-9-203(b)(3) has not been satisfied; (2) Filing is not required to perfect the security interest; (3) The rights of the secured party after default by the debtor are governed by chapter 57A-2 or 57A-2A ; and (4) The security interest has priority over a conflicting security interest created by the debtor.

South Dakota § 57A-9-110 (Provisions governing security interests arising under other sections.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.