South Dakota § 57A-9-522 Required retention of information from financing statement--Destruction of written record.

South Dakota Statutes

§ 57A-9-522 — Required retention of information from financing statement--Destruction of written record.

South Dakota § 57A-9-522

Title 57AUNIFORM COMMERCIAL CODE

Ch. 57A-6SECURED TRANSACTIONS

This text of South Dakota § 57A-9-522 (Required retention of information from financing statement--Destruction of written record.) 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-9-522 (2026).

Text

(a)The filing office shall maintain a record of the information provided in a filed financing statement for at least one year after the effectiveness of the financing statement has lapsed under § 57A-9-515 with respect to all secured parties of record. The record must be retrievable by using the name of the debtor and:

(1)If the record was filed or recorded in the filing office described in § 57A-9-501(a)(1), by using the file number assigned to the initial financing statement to which the record relates and the date and time that the record was filed or recorded; or (2) If the record was filed in the filing office described in § 57A-9-501(a)(2), by using the file number assigned to the initial financing statement to which the record relates.

(b)Except to the extent that a statute

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(a) The filing office shall maintain a record of the information provided in a filed financing statement for at least one year after the effectiveness of the financing statement has lapsed under § 57A-9-515 with respect to all secured parties of record. The record must be retrievable by using the name of the debtor and: (1) If the record was filed or recorded in the filing office described in § 57A-9-501(a)(1), by using the file number assigned to the initial financing statement to which the record relates and the date and time that the record was filed or recorded; or (2) If the record was filed in the filing office described in § 57A-9-501(a)(2), by using the file number assigned to the initial financing statement to which the record relates. (b) Except to the extent that a statute governing disposition of public records provides otherwise, the filing office immediately may destroy any written record evidencing a financing statement. However, if the filing office destroys a written record, it shall maintain another record of the financing statement which complies with subsection (a).