South Dakota Statutes
§ 57A-9-402 — Secured party's liability for debtor's acts or omissions.
South Dakota § 57A-9-402
This text of South Dakota § 57A-9-402 (Secured party's liability for debtor's acts or omissions.) 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-9-402 (2026).
Text
The existence of a security interest, agricultural lien, or authority given to a debtor to dispose of or use collateral, without more, does not subject a secured party to liability in contract or tort for the debtor's acts or omissions.
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Related
Rushmore State Bank v. Kurylas, Inc.
424 N.W.2d 649 (South Dakota Supreme Court, 1988)
Kurylas, Inc. v. Bradsky
452 N.W.2d 111 (South Dakota Supreme Court, 1990)
Merchants State Bank v. Light
458 N.W.2d 792 (South Dakota Supreme Court, 1990)
Farmers & Merchants State Bank v. Teveldal
524 N.W.2d 874 (South Dakota Supreme Court, 1994)
First Nat. Bank in Pierre, SD v. Feeney
393 N.W.2d 458 (South Dakota Supreme Court, 1986)
Bank of Cresbard v. Lindhorst Farms, Inc.
78 B.R. 1002 (D. South Dakota, 1987)
Legislative History
SL 2000, ch 231.
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
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Bluebook (online)
South Dakota § 57A-9-402, Counsel Stack Legal Research, https://law.counselstack.com/statute/sd/57A-9-402.