South Dakota Statutes
§ 57A-9-709 — Determination of priority of conflicting claims to collateral--Dating priority of security interest.
(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.
Free access — add to your briefcase to read the full text and ask questions with AI
South Dakota § 57A-9-709 (Determination of priority of conflicting claims to collateral--Dating priority of security interest.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Related
Consolidated Nutrition, L.C. v. IBP, Inc.
2003 SD 107 (South Dakota Supreme Court, 2003)
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
Central bank digital currency.