South Dakota § 57A-9-807 Amendment of pre-effective-date financing statement.

South Dakota Statutes

§ 57A-9-807 — Amendment of pre-effective-date financing statement.

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

(a)In this section, "pre-effective-date financing statement" means a financing statement filed before July 1, 2013.

(b)After SL 2012, ch 238 takes effect, a person may add or delete collateral covered by, continue or terminate the effectiveness of, or otherwise amend the information provided in, a pre-effective-date financing statement only in accordance with the law of the jurisdiction governing perfection as provided in chapter 57A-9 as amended by SL 2012, ch 238. However, the effectiveness of a pre-effective-date financing statement also may be terminated in accordance with the law of the jurisdiction in which the financing statement is filed.

(c)Except as otherwise provided in subsection (d), if the law of this state governs perfection of a security interest, the information in a pr

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(a) In this section, "pre-effective-date financing statement" means a financing statement filed before July 1, 2013. (b) After SL 2012, ch 238 takes effect, a person may add or delete collateral covered by, continue or terminate the effectiveness of, or otherwise amend the information provided in, a pre-effective-date financing statement only in accordance with the law of the jurisdiction governing perfection as provided in chapter 57A-9 as amended by SL 2012, ch 238. However, the effectiveness of a pre-effective-date financing statement also may be terminated in accordance with the law of the jurisdiction in which the financing statement is filed. (c) Except as otherwise provided in subsection (d), if the law of this state governs perfection of a security interest, the information in a pre-effective-date financing statement may be amended after SL 2012, ch 238 takes effect only if: (1) The pre-effective-date financing statement and an amendment are filed in the office specified in § 57A-9-501 ; (2) An amendment is filed in the office specified in § 57A-9-501 concurrently with, or after the filing in that office of, an initial financing statement that satisfies § 57A-9-806(c); or (3) An initial financing statement that provides the information as amended and satisfies § 57A-9-806(c) is filed in the office specified in § 57A-9-501 . (d) If the law of this state governs perfection of a security interest, the effectiveness of a pre-effective-date financing statement may be continued only under § 57A-9-805(c) and (e) or § 57A-9-806 . (e) Whether or not the law of this state governs perfection of a security interest, the effectiveness of a pre-effective-date financing statement filed in this state may be terminated after SL 2012, ch 238 takes effect by filing a termination statement in the office in which the pre-effective-date financing statement is filed, unless an initial financing statement that satisfies § 57A-9-806(c) has been filed in the office specified by the law of the jurisdiction governing perfection as provided in chapter 57A-9 as amended by SL 2012, ch 238 as the office in which to file a financing statement.

South Dakota § 57A-9-807 (Amendment of pre-effective-date financing statement.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.