South Dakota § 57A-9-309 Security interests that are perfected when they attach.

South Dakota Statutes

§ 57A-9-309 — Security interests that are perfected when they attach.

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

The following security interests are perfected when they attach:

(1)A purchase - money security interest in consumer goods, except as otherwise provided in § 57A-9-311(b) with respect to consumer goods that are subject to a statute or treaty described in § 57A-9-311(a);

(2)An assignment of accounts or payment intangibles which does not by itself or in conjunction with other assignments to the same assignee transfer a significant part of the assignor's outstanding accounts or payment intangibles;

(3)A sale of a payment intangible;

(4)A sale of a promissory note;

(5)A security interest created by the assignment of a health - care - insurance receivable to the provider of the health - care goods or services;

(6)A security interest arising under § 57A-2-401 , 57A-2-505

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The following security interests are perfected when they attach: (1) A purchase - money security interest in consumer goods, except as otherwise provided in § 57A-9-311(b) with respect to consumer goods that are subject to a statute or treaty described in § 57A-9-311(a); (2) An assignment of accounts or payment intangibles which does not by itself or in conjunction with other assignments to the same assignee transfer a significant part of the assignor's outstanding accounts or payment intangibles; (3) A sale of a payment intangible; (4) A sale of a promissory note; (5) A security interest created by the assignment of a health - care - insurance receivable to the provider of the health - care goods or services; (6) A security interest arising under § 57A-2-401 , 57A-2-505 , 57A-2-711(3), or 57A-2A-508(5), until the debtor obtains possession of the collateral; (7) A security interest of a collecting bank arising under § 57A-4-210 ; (8) A security interest of an issuer or nominated person arising under § 57A-5-118 ; (9) A security interest arising in the delivery of a financial asset under § 57A-9-206(c); (10) A security interest in investment property created by a broker or securities intermediary; (11) A security interest in a commodity contract or a commodity account created by a commodity intermediary; (12) An assignment for the benefit of all creditors of the transferor and subsequent transfers by the assignee thereunder; and (13) A security interest created by an assignment of a beneficial interest in a decedent's estate.

South Dakota § 57A-9-309 (Security interests that are perfected when they attach.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.