The restrictions provided in §§ 47-9A-1 and 47-9A-3 do not apply to a bona fide encumbrance taken for purposes of security.
S.D. Codified Laws § 47-9A-6
Encumbrance taken for security exempt
Known as the Family Farm Act
The act spans §§ 47–47 (30 sections).
Applied in 2 court decisions — leading case South Dakota Farm Bureau, Inc. v. Hazeltine (2002)
Most recently applied in South Dakota Farm Bureau, Inc. v. Hazeltine (May 2002)
Source: SL 1974, ch 294, § 4 (1); SL 2004, ch 277, § 4.
Official source: South Dakota Legislature. Reproduced from public-domain South Dakota statutes; confirm against the official source for the current text. Not legal advice.