South Dakota § 57A-9-306.2 Law governing perfection and priority of security interests in controllable accounts, controllable electronic records, and controllable payment intangibles.

South Dakota Statutes

§ 57A-9-306.2 — Law governing perfection and priority of security interests in controllable accounts, controllable electronic records, and controllable payment intangibles.

South Dakota § 57A-9-306.2

Title 57AUNIFORM COMMERCIAL CODE

Ch. 57A-6SECURED TRANSACTIONS

This text of South Dakota § 57A-9-306.2 (Law governing perfection and priority of security interests in controllable accounts, controllable electronic records, and controllable payment intangibles.) 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-9-306.2 (2026).

Text

(a)Except as provided in subsection (b), the local law of the controllable electronic record's jurisdiction specified in § 57A-12-107 governs perfection, the effect of perfection or nonperfection, and the priority of a security interest in a controllable electronic record and a security interest in a controllable account or controllable payment intangible evidenced by the controllable electronic record.

(b)The local law of the jurisdiction in which the debtor is located governs:

(1)Perfection of a security interest in a controllable account, controllable electronic record, or controllable payment intangible by filing; and (2) Automatic perfection of a security interest in a controllable payment intangible created by a sale of the controllable payment intangible.

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(a) Except as provided in subsection (b), the local law of the controllable electronic record's jurisdiction specified in § 57A-12-107 governs perfection, the effect of perfection or nonperfection, and the priority of a security interest in a controllable electronic record and a security interest in a controllable account or controllable payment intangible evidenced by the controllable electronic record. (b) The local law of the jurisdiction in which the debtor is located governs: (1) Perfection of a security interest in a controllable account, controllable electronic record, or controllable payment intangible by filing; and (2) Automatic perfection of a security interest in a controllable payment intangible created by a sale of the controllable payment intangible.