Neither the resolution authorizing the bonds nor any financing statement or other instrument or document need be filed or recorded in any public records in order to perfect the lien on the pledge of the revenues to pay the bonds as against third parties.
S.D. Codified Laws § 13-51A-25
Recording not required to perfect lien
Known as the Board of Regents Revenue Bond Act
The act spans §§ 13–13 (44 sections).
Source: SL 1971, ch 134, § 8.
Official source: South Dakota Legislature. Reproduced from public-domain South Dakota statutes; confirm against the official source for the current text. Not legal advice.