South Dakota § 57A-9-709 Determination of priority of conflicting claims to collateral--Dating priority of security interest.

South Dakota Statutes

§ 57A-9-709 — Determination of priority of conflicting claims to collateral--Dating priority of security interest.

South Dakota § 57A-9-709

Title 57AUNIFORM COMMERCIAL CODE

Ch. 57A-6SECURED TRANSACTIONS

This text of South Dakota § 57A-9-709 (Determination of priority of conflicting claims to collateral--Dating priority of security interest.) 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-9-709 (2026).

Text

(a)This chapter determines the priority of conflicting claims to collateral. However, if the relative priorities of the claims were established before July 1, 2001, former chapter 57A-9 determines priority.

(b)For purposes of § 57A-9-322(a), the priority of a security interest that becomes enforceable under § 57A-9-203 of this chapter dates from July 1, 2001, if the security interest is perfected under this chapter by the filing of a financing statement before July 1, 2001, which would not have been effective to perfect the security interest under former chapter 57A-9 . This subsection does not apply to conflicting security interests each of which is perfected by the filing of such a financing statement.

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(a) This chapter determines the priority of conflicting claims to collateral. However, if the relative priorities of the claims were established before July 1, 2001, former chapter 57A-9 determines priority. (b) For purposes of § 57A-9-322(a), the priority of a security interest that becomes enforceable under § 57A-9-203 of this chapter dates from July 1, 2001, if the security interest is perfected under this chapter by the filing of a financing statement before July 1, 2001, which would not have been effective to perfect the security interest under former chapter 57A-9 . This subsection does not apply to conflicting security interests each of which is perfected by the filing of such a financing statement.