A credit agreement, or any agreement executed in connection therewith, may provide for the creation of a security interest in any personal or real property, including any goods under such agreement, to secure payment of a debtor's outstanding indebtedness under such agreement.
S.D. Codified Laws § 51A-12-16
Security interests authorized
Source: SL 1983, ch 359, § 1; SDCL, § 51-24-17.
Official source: South Dakota Legislature. Reproduced from public-domain South Dakota statutes; confirm against the official source for the current text. Not legal advice.